09 Feb 2023
DiamondWorld Directory
Home |
Bidz.com’s merchandise sales drop 19% in fiscal 2011
The year closes with net loss worth $7 million
By: Diamond World News Service
Mar 17 2012 11:39AM
Reference: 6812  


The fiscal year 2011 proved to be challenging for Bidz.com, as per the company. The year closed for Bidz.com with a 19 percent drop (on y-o-y basis) in merchandise sales to $79.1 million. The wholesale sales increased 9 percent to $6.8 million. The fiscal year closed December 31, 2011 with a net loss of $7 million (loss of only $1.4 million in fiscal-year 2010).

In the fourth quarter, Bidz.com's average selling price dropped 5.6 percent to $170. Also there was a 31 percent decrease in number of new buyers to 37,607. Further, there was a 31 percent drop in the average number of items sold each day to 4,782.

The company also noted that its portal modnique.com was growing and gaining in awareness and popularity.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Sort by: 
Keep up the good work. Best of luck. From www.mumbaionlineflorists.com
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32495
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10215
GJEPC Chairman Interview
Views: 28572
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 40100
Promo for IJ Awards 2012 at NDTV Profit
Views: 57732
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69272
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22234
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51421
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53850
Member of:
Supporter of: