Business News
Shutterfly Scores in Top 100 on Internet Retailers 500 List for the Third Consecutive Year
Tuesday 04. August 2009 - Shutterfly, Inc. (NASDAQ:SFLY), the leading Internet-based social expression and personal publishing service, today announced that it has been ranked 69 on the Internet Retailers 500 list, the listing of Americas largest e-tailers. Shutterflys rank increased from 76 to 69 in 2008 based on total net revenues of $213.5 million. Net revenue was up 14% from 2007, helping Shutterfly climb in rankings.
“We are thrilled to continue our climb in Internet Retailers top 500 rankings again this year,” said Jeffrey Housenbold, president and chief executive officer of Shutterfly. “Our continued success, even in this challenging economic climate, is directly tied to our close communication with our customers and our commitment to provide them with the most innovative, high quality products and services for sharing and preserving their treasured memories.”
“Shutterfly moved up seven spots in the Top 100 this year and ranked as the 69th largest retailer in the Top 500 because they continue to innovate and find a market for their online photo services and social expression products,” said Kurt Peters, editor-in-chief of Internet Retailer. “They are building a solid e-commerce base thats reflected by their upward movement on our Top 100 list.”
Internet Retailer’s definitive ranking and analysis of America’s 500 largest e-retailers is based on annual 2008 Internet sales, researched by Internet Retailer and confirmed by retailers. This report includes company financial, operational and performance data, as well as vendors in 18 key categories.