eBAGS BOASTS DOUBLE-DIGIT GROWTH IN THIRD QUARTER

In Retail News, eCommerce, What's New by Accessories Staff

ebags

While department stores are continuing to struggle, business is booming for online retailers like eBags, who today reported strong third quarter results and accelerated growth of branded products.

Among the highlights are sales that grew an impressive 23% and mobile visits that were up by 40%, while mobile sales growth grew 84%, all measured year over year.

The numbers came after eBags launched several key partnerships in the second quarter. They continued their category expansion into travel merchandise with the launch of the BOSE brand and creating the eBags Connected Luggage Tag, which helps in the struggle against lost luggage. They also launched Nest, a line of home products that help keep homes safer while away and they gained exclusive sales rights with SwissGear ScanSmart 1900, the best-selling laptop backpack.

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And they’re not slowing down. According to Mike Edwards, CEO of eBags, “We are focused on amplifying our brand message in the last quarter of the year by giving our customers access to desirable new product offerings and travel product innovations that can only be found on eBags.com.”

The company is headed into the holiday season with its largest merchandise selection yet877 brands, totaling 88,000 SKUs. They will continue to work with its brand partners to launch innovative, exclusive new products, offering the largest selection of travel products and gifts.

 

eBags Co-Founder and EVP Peter Cobb echoes this strategy, saying, “We will continue to invest heavily in our own brand in the fourth quarter, with at least six (6) new eBags Brand product launches. We are fully committed to continuing to serve our partners across the globe and working with new brands to carry out successful product launches through the eBags platform.”

—Christine Galasso

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