Isold It Turns Two Years Old

Strong Third-Quarter Results and 600 Stores Sold

(Tuesday, October 18, 2005) - iSold It, the nation's leading eBay drop-off chain, is pleased to announce its year-to-date 2005 gross sales exceeded $20 million, with third-quarter sales up more than 1,400% vs. one year ago. With its two-year anniversary around the corner, the company has over 140 franchise stores now open, 600 stores under contract, and is opening a new store on average every three days. Additionally, within these two years, the chain has helped almost 100,000 customers launch over 400,000 auctions on the eBay platform and has quickly become the number one seller on eBay. As a result, the chain's franchisees are becoming a new class of highvolume eBay "uber-sellers" -- trading assistants with extremely high volume on eBay.
"The response from our customers has been amazing," says long-time eBay seller and iSold It franchisee Michelle Naranjo. "I just helped one company liquidate its phone networking equipment, I'm helping a local auto dealer sell cars, and I just put one woman's entire Royal Doulton Toby Jug collection up for auction." These high-volume sellers, many with sales 25 to 50 times the level needed to achieve eBay's prestigious "powerseller" status, have fueled their growth by tapping into the estimated $100 billion in household items available for resale, as well as the estimated $60 billion in merchandise liquidated by businesses each year. In the two years since the drop-off store category began to gain momentum, over 600 independent and chain stores have been opened in strip Top Stories · Ebay Third-Quarter Profits Surge - AP (8:10 pm) · Dow Ends Up 129 on Lower Oil Prices - AP (6:59 pm) · Allstate Reports Biggest Quarterly Loss - AP (7:18 pm) · Wagoner: GM Not Considering Bankruptcy - AP (5:23 pm) More... · Most-emailed articles · Most-viewed articles Inside Yahoo! Finance Today's Markets · Earnings Calendar · Upgrades/Downgrades · Most Actives · Stock Screener

View all ISold It Press Releases

This article has been read 157 times.

Printer Friendly