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Ritz Interactive 1Q Revenue Up 30%


Irvine, Calif. Ritz Interactive, Inc., the e-commerce network that includes,, and other online-shopping sites, reported a 30% increase in merchandise revenue for the first quarter of 2008 over the same period last year.

First-quarter merchandise revenue grew to $25.0 million in 2008, compared to $19.3 million during the same period in 2007.

Ritz Interactive president and CEO Fred H. Lerner credited the sales increase to continued strong consumer demand for digital single-lens-reflex cameras, the addition of new consumer-electronics products, strong corporate sales and promotions from suppliers and PayPal.

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