Boston-based online clothing retailer Karmaloop.com has announced its revenue figures from 2011 – and business is looking good.
The streetwear site jumped 81% from its 2010 revenues of $72 million to $130 million in 2011, revealed the company via statement.
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“We’re thrilled to report another record year for Karmaloop,” said Karmaloop.com Founder and CEO Greg Selkoe. “We work hard to give our customers the brands and styles they want to buy, as well as the relevant and dynamic online video content that they demand. We remain as connected as ever to our audience through multiple channels and platforms, especially via social media. This close relationship allows us to be responsive to, as well as greatly influenced by, our customers.”
Added Selkoe, “Karmaloop is more than just a retailer; it is a community of style, a media property, and the epicenter of Verge Culture. With all the amazing content on Karmaloop TV, our great Men’s and Women’s blogs, our exclusives and contests, and many other initiatives we go the extra mile to connect. And it continues to pay off.”
Karmaloop has been featured in USA Today, WWD, and Internet Retailer, which listed the site as #180 in the “Top 500” list of e-commerce retailers in the United States.
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The company projects 60% growth in 2012.
