Online retailer NoMoreRack receives $12M investment

NEW YORK — Online retailer NoMoreRack has announced its plans to expand their business and online presence. NoMoreRack has received $12 million in new capital. They plan to use this investment money to increase their workforce and expand into foreign markets.

The startup NoMoreRack has been in business since 2000 and has attracted a loyal and growing customer base. NoMoreRack recently announced, "We have attracted 7 million visitors a month to our site, we have 5.8 million subscribers, and we are selling on average 40,000 items per day. We are pleased to have reached a revenue of close to $80 million."

NoMoreRack offers customers discounts on brand name items. NoMoreRack customers never pay the retail price for anything found on the site. All NoMoreRack prices reflect a discount of 50-80%. All NoMoreRack products sold are accompanied by a 100% guarantee of authenticity. NoMoreRack finds great deals and always buys items directly from the manufacturer, retailer, licensed agent, or licensed importer. Eliminating all third parties during the procurement process allows NoMoreRack to pass along huge savings to their customers.

NoMoreRack's online site is a visual delight that has great quality photos of all their items. NoMoreRack can be found at NoMoreRack.com. Item descriptions are thorough and provide customers with all the information they need to know. NoMoreRack hosts sales events that usually run for 24 hours. NoMoreRack also has events that sometimes last three to four days. The online retailer features seven categories of products including: women, men, home, jewelry, kids, lifestyle, and electronics. There are thousands of items available across these categories. There is an additional category called events that catalogs all the really big sales.