1Sale L.L.C.
Formerly | 1SaleADay |
|---|---|
| ISIN | 🆔 |
| Industry | Retail |
| Founded 📆 | 2007 in Miami as 1SaleADay |
| Founder 👔 | Ben Federman |
| Headquarters 🏙️ | Miami, Florida, U.S.[1] |
Area served 🗺️ | |
Key people | Ben Federman, President & CEO Eli Federman, Senior VP[2] |
| Products 📟 | Electronics, Gadgets, Watches, Jewelry, etc. |
| Revenue🤑 |  US $245,000,000 (2012)[3] |
| Members | |
Number of employees | 300+[4] |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
1Sale (formerly 1SaleADay) is an Internet retailer with a deal-a-day format. The site was founded in 2007 by Ben Federman.[5] 1Sale's main site offers one discounted item a day. 1Sale also has four spinoff sites specializing in electronics, watches, family and jewelry.
Business model[edit]
U.S News & World Report described 1Sale as a product daily deal site which buys products in bulk at large discounts and passes the savings on to consumers.[6] In 2013, 1Sale launched a Fashion category focusing on men's/women's apparel, accessories, and decor.[7]
Growth[edit]
In 2009, the company had 80+ employees[8] and earned about US $30 million.[5] As of December 2010 the site received approximately 350,000 daily visitors.[5] By the end of 2011 revenue had increased to US $120 million according to Internet Retailer Magazines top 500 profile,[3] and by 2013 the company had over 300 employees.[4]
In March 2011 the New York Times reported that 1SaleADay raised tens of millions of dollars (exact figure was undisclosed) from Optima Ventures to form Octagon Commerce, an e-commerce conglomerate.[9]
In the media[edit]
A 2010 Huffington Post article about the best lesser-known websites for finding deals asked readers to recommend their favorites—1Sale.com came in number one.[10]
In the January 2011 issue of Woman's Day, 1Sale was listed as one of the best ways to get a deal that year.[11] On January 17, 2011 Nate Berkus featured 1Sale.com on The Nate Berkus Show.[12] Also in 2011 Lifehacker listed 1Sale as one of the five top daily deal sites along with Groupon, Living Social and others.[13]
On June 15, 2012, The View featured an underwater camcorder sold by 1Sale.[14]
The TV show Extra featured a 1Sale exclusive offer for 2-carat white topaz earrings.[15] The View featured 1Sale's sale of a Fujifilm high-definition camcorder.[16]
1Sale's CEO Ben Federman was featured on Fox Business in 2011 with David Asman.[17]
ABC News and Yahoo News quoted Eli Federman discussing 1Sale's approach of embracing negative customer feedback to help facilitate customer dialogue and improve customer service.[18]
CNN Money featured the Company's approach to giving employees a voice in benefits administration. Eli Federman noted that this has led to "higher retention, increased trust, and happier employees."[19] ABC News chronicled the company’s use of the in-house social network Yammer.[20]
Philanthropy[edit]
In 2010, the company's CEO donated more than half of the site's net earnings to charities.[5]
Trademark Dispute[edit]
On September 27, 2010, 1SaleADay and its CEO won an extended, international legal dispute with the owners of One Sale A Day Australia.[21] World Intellectual Property Organization (WIPO) panelist, Andrew F. Christie, ruled that domain names onesaleaday.com.au and 1saleaday.com.au be transferred to CEO Ben Federman.[21]
The World Trademark Review commented on the legal significance of this particular UDRP case.[22] Community Radio Network (Australia) also covered this story.[23]
References[edit]
- ↑ Miami Herald - Ina Paiva Cordle (October 20, 2011) "Daily sale site 1Sale moves to Miami Lakes."
- ↑ CNN Money (May 31, 2013) "Free lunch vs. other perks: Why not let employees vote?"
- ↑ 3.0 3.1 Listed as #105. Internet Retailer "Internet Retailer Top 500."
- ↑ 4.0 4.1 Provost, Taylor. CFO Magazine (Feb. 15, 2013) "Don’t Curse the Chit-Chat; Host the Conversation."
- ↑ 5.0 5.1 5.2 5.3 Fisher, Anne (November 12, 2010). Crain's New York Business.com Executive Inbox
- ↑ U.S. News & World Report Money (September 30, 2011) "A Survival Guide to the Deluge of Daily Deals."
- ↑ 1Sale.com Debuts New Fashion Tab 1Sale Reseller Ratings.
- ↑ Gwen, Moran. Entrepreneur (Sept. 5, 2011) "1SaleADay.com's Ben Federman and the Value of a Daily Steal."
- ↑ Ha, Anthony (March 1, 2011). "Daily Deals Site 1SaleaDay Raises Tens of Millions"
- ↑ Kiser, Grace ( April 7, 2010). "Websites You Didn't Know Could Save You BIG Bucks: HuffPost Readers' Recommendations"
- ↑ Woman's Day Magazine, One Tip a Day. January 2011, p. 14.
- ↑ Nate Finds Great Deals (January 17, 2011)."Nate finds a great website that has amazing deals every day, 1SALEADay.com."
- ↑ Pinola, Melanie. Lifehacker (April 10, 2011)."Five Best Daily Deals Sites."
- ↑ "Fun Summer Gadgets for the Whole Family" The View (retrieved Aug. 29, 2012)
- ↑ "'Extra' Kicks Off New Season with ExtraPalooza!" Extra (retrieved Sept. 11, 2012)
- ↑ "1Sale.com on The View" The View (retrieved Nov. 15, 2012)
- ↑ 1Sale.com Fox Business (Aug. 6, 2011)
- ↑ "$1.44 Dispute Reveals Billions at Stake in Online Customer Feedback" ABC News (retrieved May. 26, 2013)
- ↑ Fisher, Anne. CNN Money."'Free lunch vs. other perks: Why not let employees vote?" (May. 31, 2013)
- ↑ Farnham, Alan (January 30, 2013). "Personal Tweets at Work: Here's One Answer to This Billion Dollar Problem". ABC News. Retrieved 2012-01-12.
- ↑ 21.0 21.1 WIPO Arbitration and Mediation Center, Christie, Andrew, F., Sole Panelist (September 27, 2010). Case No. DAU2010-0016
- ↑ Gynell, Julian (Dec. 3, 2010). "Domain name transfer ordered despite business agreement."
- ↑ Salek, Negar (October 21, 2010). "WIPO shuts down 1saleaday.com.au"
External links[edit]
This article "1Sale" is from Wikipedia. The list of its authors can be seen in its historical. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
