Rolex watch retailer Melrose.com today announced that it has been ranked as the 604th largest internet retailer in the world by Internet Retailer Magazine. Featured in Internet Retailer’s Second 500 Guide at the Internet Retailer website, Melrose.com is listed as having $10 million in 2011 revenue, a 100% jump over 2010. The ranking for Melrose.com beat out top retailers including Helzberg Diamonds, True Religion Jeans, Calvin Klein, Quiksilver, Ace Hardware, and Aveda.
Stephany Moore, Research Analyst at Internet Retailer Magazine, made the announcement the Melrose.com profile in the Internet Retailer guide includes Melrose.com’s Web site features & functions, financials, primary metrics such as SKUs, Monthly Visits, Conversion Rate, and Average Ticket size. Also included is a Shopper Profile, use of Social Media & M-Commerce, Corporate Information, and a list of web-based vendors.
Krishan Agarwal, President of Melrose.com, LLC states, “The ranking by Internet Retailer is a strong first step in achieving public recognition for our years of brand-building in the luxury goods sector. While we have historically concentrated on the Rolex watch brand, we are now expanding into other watch brands including Cartier watches, Breitling, Omega, Tag Heuer, Chopard, Bvlgari, Chanel, Gucci, Jaeger LeCoultre, and Panerai. Longer-term we would like to expand into jewelry, handbags, and other accessories that our customers want as well. Our goal is to become the leader within the authenticated, preowned luxury goods sector, something that is desperately needed in today’s e-commerce world.”
Media contacts and other interested parties may contact Melrose.com at 323-851-5000 (Press Extension 1) and ask to speak with their head of Media Relations or may request to schedule an interview with Krishan Agarwal directly.
Melrose.com, http://www.melrose.com, is the nation’s leading online retailer of authentic luxury wristwatches. Leveraging their relationships with the industry’s leading manufacturers, Melrose.com acquires authentic luxury timepieces at the most accessible prices and ships them to customers overnight. Their extensive product range includes a myriad of luxury watch brands including Rolex watches, Breitling watches, Cartier watches, Tag Heuer watches, and Omega watches as well as custom diamond jewelry ranging from engagement rings, earrings, necklaces, and pendants. Since launching, the website has captured nearly 1% of the U.S. market recording over 1.8 million users and over $10 million in its last fiscal year.
About Krishan Agarwal
Krishan Agarwal, 35, is the Founder & President of Melrose.com, LLC, one of the leading independent online luxury goods retailers in the U.S., U.K. and Canada with over 1.8 million unique users and 200,000 Facebook fans. Initially creating Melrose.com as a hobby, Krishan single-handedly grew the company to over 50 full-time employees, opened offices in 4 countries, and surpassed enormous obstacles during the second worst economy in history to grow revenues to over $10 million in the company’s first three years in existence. In addition to Melrose.com, Mr. Agarwal also manages Lakshmi Capital Partners, a long/short equity hedge and private investment fund based in Los Angeles. Through this platform he has spearheaded unique venture capital investments including Sangart, LLC, a synthetic blood manufacturer with products in Phase III testing, Tocagen, LLC, a leading cancer therapeutic company with products in Phase II testing, and Withoutabox, LLC, an online film distribution company which was successfully sold to Amazon.com in 2008. Krishan has an MBA from the University of Southern California and a Bachelor’s from U.C.S.D. in Artificial Intelligence.