Online retail revenue saw an 11 percent year-over-year growth rate for the first quarter of 2014, and online shopping retail sales are predicted to continue to grow steadily, reaching $370 billion domestically in 2017. These statistics, which come from Adobe’s CMO.com, highlight the massive growth potential available for companies within the ecommerce sector. Mobile Lads Corp. (OTCBB: MOBO), through its acquisition of Simbadeals.com, is in a strong position to capitalize on this potential, providing nearly limitless opportunity for expansion in the years to come.
Simbadeals gives shoppers the freedom to browse a wide variety of products from some of the world’s most sought-after brands. Leveraging existing partnerships with major retailers including Walmart, Sears Canada, Macy’s, Canon, Banana Republic and others, the site provides consumers with discounts of up to 80 percent as compared to the prices of competitors. By driving traffic with the aim of converting sales, Mobile Lads will receive up to 15 percent of all merchandise sales made through the website moving forward.
Unlike other online shopping destinations, Simbadeals is built upon a strong business model that incorporates a win/win structure for both consumers and retailers. Consumers receive access to brand name products at heavily discounted prices, while retailers are able to list items for no cost, only paying a commission on sales through the site. By placing all responsibility for payments, shipping, returns and fulfillment directly on the retailer, Mobile Lads maintains a significant revenue stream without the financial risks regularly associated with the retail industry. With access to over 400 blue chip retailers already on the United States site, Simbadeals is a scalable solution that provides Mobile Lads with potentially massive growth opportunity.
In 2014, online sales accounted for an impressive eight percent of total retail sales. According to a report by The American Genius, this number is expected to rise to as much as 11 percent by the end of this year. Through the acquisition of Simbadeals, as well as the continued development of complementary services such as Coubox, Mobile Lads is in a good position to capitalize on the booming industry.
Get more info on Mobile Lads by visiting www.mobilelads.com
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