Amazon may have had their best ever Christmas, but they weren’t the only ones who witnessed record holiday sales over the past month. One of Amazon’s competitors, LightInTheBox, is a China-based global online distribution company that tripled its fourth-quarter sales over last year.
They didn’t disclose numbers, but they did boast that Amazon’s 16% increase in sales was much lower than that of their own company. Considering Amazon is a much larger company, I wouldn’t divulge my numbers either.
When you’re at the bottom the only place to go is up.
Agreed… throw-in the cheap Chinese labor and you can’t help but triple your profits!
Jon
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