Cymax Stores
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| Type | Private |
|---|---|
| Industry | E-commerce |
| Founded | 2004 |
| Headquarters |  Vancouver, British Columbia, Canada |
| Key people | Arash Fasihi, Founder; CEO |
| Products | Home & Office Furniture, Baby & Children's Furniture, Outdoor Furniture, etc. |
| Revenue | USD$92 million (2010) |
| Employees | 130 (2010) |
| Website | Cymax.com |
Cymax Stores Inc. is a privately held Canadian online retailer headquartered in Vancouver, British Columbia that primarily services the United States[1]. The company has been expanding steadily since its inception in 2004, and sold products on 115 niche web sites[2] until 2011 when the company decided to begin consolidating many of its microsites in response to the Panda search engine ranking algorithm changes made by Google.com[3]. In 2012 Cymax will operate fewer than 12 microsites, doing most of its business from is flagship store cymax.com.
Contents |
[edit] History
Cymax.com was founded in 2004 by Arash Fasihi, selling primarily television stands and entertainment furniture. The business launched its first website specializing in TV stands, Audio-Video-Furniture.com, in the fall of 2004[4]. Currently operating with 115 specialty stores, Cymax retails merchandise from a variety of categories including audio-video furniture, bedroom furniture, office furniture, consumer electronics, small kitchen appliances, houseware products, baby furniture and accessories, and other commercial goods. The company has grown considerably since its founding with reported sales exceeding $80 million for 2009[5], placing it in the top 167 E-tailers in the world as scored by Internet Retailer Magazine [6]. The CEO and founder, Arash Fasihi, was recently nominated for the Ernst & Young Entrepreneur of the Year Award 2010 (Pacific Region, Business to Consumer Category)[7].
[edit] Ratings
2007 - Ranked 247th in the Internet Retailer Top 500 Internet Companies index [5]
2008 - Ranked 200th in the Internet Retailer Top 500 Internet Companies index [6]
2009 - Ranked 167th in the Internet Retailer Top 500 Internet Companies index [8]
2010 - Ranked 168th in the Internet Retailer Top 500 Internet Companies index [8]
[edit] News
Cymax & eBill Me Case Study
Cymax News
[edit] References
- ^ http://www.internetretailer.com/article.asp?id=27274
- ^ Atkinson, Cathryn (Wednesday, November 5, 2008), The Birth of an E-Mall, Toronto: The Toronto Globe & Mail, https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20081105/SRMEDIUMECOMMERCE_ART_1844
- ^ Singhal, Amit (February 24, 2011), Finding more high-quality sites in search, Mountain View: Google, http://googleblog.blogspot.com/2011/02/finding-more-high-quality-sites-in.html
- ^ Meisner, Jeff (Wednesday, September 17, 2008), Cymax Stores: The Little Online Furniture Shop That Could, E-Commerce Times, http://www.ecommercetimes.com/story/64521.html?wlc=1253566641
- ^ a b http://www.internetretailer.com/article.asp?id=29141
- ^ a b http://www.internetretailer.com/article.asp?id=30760
- ^ http://www.ey.com/CA/en/Newsroom/News-releases/2010-EOY-finalists-Pacific/
- ^ a b http://www.internetretailer.com/top500/profiles/cymax-stores-inc/#cymax-stores-inc
