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Auctionbytes-NewsFlash, Number 439 - December 06, 2002 - ISSN 1539-5065      Previous Story | | Next Story

uBid Sees 40% Increase in Registered Users from Last Year
By Ina Steiner
AuctionBytes.com
December 06, 2002
Reading AuctionBytes: uBid Sees 40% Increase in Registered Users from Last Year

uBid, a leading business-to-consumer e-commerce marketplace and majority-owned operating company of CMGI, said that it ended November 2002 with a 40 percent growth in registered users year over year. At the end of November 2002 uBid had over 4.2 million registered users compared to 3 million registered users at the end of November 2001. The company also said it has seen improved margins for its core business-to-consumer channel. Christian Feuer, president and chief executive officer, uBid, Inc., said, "The elimination of consumer-to-consumer auctions focuses the customer back on our core business-to-consumer platform."

uBid continues the rollout of its new fixed-price uBid Electronics Superstore channel, which it launched during the Thanksgiving holiday. It expects to add more than 20,000 new items to the store over the next several weeks.

http://www.ubid.com

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