United States, Ma... "Shoebuy.com, Inc. (“Shoebuy” or the “Company) was formed to exploit the largely untapped opportunity to market and distribute footwear via the Internet. The domestic market for footwear is currently estimated to be $37.6 billion per year. To date, no material penetration of the footwear market via the Internet has occurred. Though a handful of companies currently market footwear online, they are generally manufacturers who sell a single brand, multiple product retailers who sell a limited number of brands or traditional retail stores burdened by brick and mortar expenses. Shoeby.com--in holding no inventory, obtaining products directly from manufacturers, and being 100% committed to the Internet without the stores to conflict with prices and vendor relationships-- in just over three months of formally being online is already partnered with over 115 brands; revenues are increasing over 150% month over month; traffic is increasing 25% week over week; online partnerships include Yahoo!, Direct Hit, Mastercard, American Express, and numerous shopping affinity sites; over 100 websites are applying to the Shoebuy.com affiliate program each day; and the site is experiencing over 350,000 visitors and over 16,000,000 hits per month. Shoebuy.com has a highly motivated team of executives with significant experience in retail, marketing, customer service, finance and Internet technology. In addition, it has a group of advisors with complementary skills and experience. Deriving revenues from footwear sales and advertising, while maintaining a 37% margin after free shipping and customer service, Sho...
Chief Executive Officer