Kaspien Reaches a Billion Dollars in Lifetime Revenue on E-commerce Marketplaces and Announces Compliance with Nasdaq Listing...
January 28 2021 - 8:00AM
Kaspien (Nasdaq: KSPN) marked their billionth dollar sale on
ecommerce marketplaces this week. During the rise of e-commerce
shopping in 2020, Kaspien has seen Net Revenue, Gross Merchandise
Value (GMV) and Gross Profit gains.
“One billion in lifetime revenue represents a significant
milestone in the history of our company,” said Brock Kowalchuk,
Chief Financial Officer at Kaspien Inc. “It symbolizes our ability
to endure as one of the original third-party retailers in the
marketplace industry. Not only have we persevered as the industry
continues to evolve, but we’ve also built a scalable business that
is meeting a real need for brands looking to optimize and grow on
online marketplaces.”
Additionally, on Jan. 22, 2021 Kaspien Holdings received written
notice from the Listing Qualifications Staff of The Nasdaq Stock
Market confirming that the company had regained compliance with the
continued listing requirements after the company’s market value
exceeded $35MM for 10 consecutive days in January.
Significant highlights of the past year include:
- Rebranded parent company from Trans
World Entertainment to Kaspien Holdings Inc.
- Named Kunal Chopra CEO of Kaspien
Holdings
- Moved corporate headquarters from
Albany, NY to Spokane Valley, Wash.
- Announced a net revenue increase of
+36% in Q3 2020 compared to prior year
- GMV increase of 127% in Q3 2020
compared to prior year, led by gains in subscription business
Kaspien’s full Q3 earnings report can be found here.
About Kaspien
Kaspien is a leading ecommerce growth platform, offering an
expanding suite of software and services to help brands grow on
Amazon, Walmart, Google Shopping, Target, eBay, and other online
marketplaces. Founded in 2008 in Spokane, Wash., Kaspien has spent
the last decade building and utilizing proprietary technologies for
brand protection, marketing optimization, and fulfillment
efficiency to generate rapid revenue growth for Kaspien partners.
Through innovative strategies and best-in-class technologies, the
Spokane-based company has earned the trust of many leading brands,
including 3M, Strider Bikes, ZippyPaws and others. For more
information, visit kaspien.com.
Contact Information
Keri RhodesMarketing Director, Kaspienkeri@kaspien.com
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