Wine.com boasts 25% growth in annual web sales

on 09/06/11 at 10:02 am

Wine

The online wine retailer reported $56 million in revenue.

Wine merchant Wine.com Inc. found the right blend for its e-commerce business in fiscal 2011. The web-only retailer reported that it reached $56 million in sales for the year ended March 31, a 25% increase from the prior year.

Wine.com, No. 239 in the Internet Retailer Top 500 Guide, also reported that it turned a profit for the first time, but did not disclose the amount.

The company didn’t disclose exact figures, but based on its growth Internet Retailer calculates 2010 sales to be about $45 million.

{Full story via internet Retailer}

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