LOS ANGELES, CA -- (Marketwire) -- 08/08/12 -- Rolex Watch retailer, Melrose.com, today announced that it has been listed as the 604th largest internet retailer in the world, based on revenue, by Internet Retailer Magazine. Featured in Internet Retailer's Second 500 Guide available in digital or print form at the Internet Retailer website, Melrose.com is listed as having over $10 million in 2011 revenue, a jump of over 100% over 2010 and beating out Helzberg Diamonds, True Religion Jeans, Calvin Klein, Quiksilver, Ace Hardware, and Aveda brands among others online.
Initially announced by Stephany Moore, Research Analyst at Internet Retailer Magazine on July 9th, 2012, the Melrose.com profile in the Internet Retailer guide includes Melrose.com's website features & functions, financials, primary metrics such as SKUs, Monthly Visits, Conversion Rate, and Average Ticket Size. Also included is a Shopper Profile, use of Social Media & M-Commerce, Corporate Information, and a list of web-based vendors.
Krishan Agarwal, President of Melrose.com, LLC, states, "We are elated to be on the Internet Retailer Top 1000 list. I never realized how big the business would grow when I first started it, and this is a testament to our young team's hard work and dedication. Historically we have mainly sold big brand luxury watches like Rolex, Cartier, and Breitling but we recently launched over 5000 new products on our website including the brands Omega, Tag Heuer, Chopard, Bvlgari, Chanel, Gucci, Jaeger LeCoultre, Panerai and many more. Within 12 to 18 months our goal is to be well within the top 500 e-commerce companies in the world."
Media contacts and other interested parties may contact Melrose.com at 323-851-5000 (Press Extension 1) and ask to speak with their head of Media Relations or may request to schedule an interview with Krishan Agarwal directly.
Melrose.com is the nation's leading online retailer of authentic luxury wristwatches. Leveraging their relationships with the industry's leading manufacturers, Melrose.com acquires authentic luxury timepieces at the most accessible prices and ships them to customers overnight. Their extensive product range includes a myriad of luxury watch brands including Rolex watches, Breitling watches, Cartier watches, Tag Heuer watches, and Omega watches as well as custom diamond jewelry ranging from engagement rings, earrings, necklaces, and pendants. Since launching, the website has captured nearly 1% of the U.S. market recording over 1.8 million users and over $10 million in its last fiscal year.
About Krishan Agarwal
Krishan Agarwal, 35, is the Founder & President of Melrose.com, LLC, one of the leading independent online luxury goods retailers in the U.S., U.K. and Canada with over 1.8 million unique users and 200,000 Facebook fans. Initially creating Melrose.com as a hobby, Krishan single-handedly grew the company to over 50 full-time employees, opened offices in 4 countries, and surpassed enormous obstacles during the second worst economy in history, to grow revenues to over $10 million in the company's first three years in existence. In addition to Melrose.com, Mr. Agarwal also manages Lakshmi Capital Partners, a long/short equity hedge and private investment fund based in Los Angeles. Through this platform he has spearheaded unique venture capital investments including Sangart, LLC, a synthetic blood manufacturer with products in Phase III testing, Tocagen, LLC, a leading cancer therapeutic company with products in Phase II testing, and Withoutabox, LLC, an online film distribution company which was successfully sold to Amazon.com in 2008. Krishan has an MBA from the University of Southern California and a Bachelor's from U.C.S.D. in Artificial Intelligence.
The Melrose watch blog, known for Rolex Watches is the world's largest independent forum website about Rolex events and Rolex and other luxury watches in pop culture. With over 300 user-posted articles and new articles and commentary updated daily, the Melrose.com Rolex Datejust blog contains articles about Rolex watches owned and popularized by Matt Barkley, Andrew Luck, Barack Obama, Warren Buffett, Steve Jobs, Cristiano Ronaldo, Sienna Miller, Sean Penn, Courtney Cox, Andy Roddick, LeBron James, Tara Reid, Danica Patrick, Matthew McConaughey, Steven Wynn, Calvin Klein, Jamie Lynn Sigler, Eva Longoria Parker, Tobey Maguire, Michael Dell, Ashton Kutcher, the Jonas Brothers, Rafael Nadal, Roger Federer, Colt McCoy, Sam Bradford, who is an avid fan of the Rolex Yacht-Master, Adriana Lima, Arnold Schwarzenegger, Bill Murray, Barry White, Anne Hathaway, Michael Jackson, Tony Soprano, Lindsay Lohan, Eddie Murphy, Anish Kapoor, Tom Selleck, Jennifer Garner, Donald Trump, Jennifer Lopez, Lance Armstrong, John Mayer, Cameron Diaz, Justin Timberlake, Brad Pitt, Drew Barrymore, Matt Lauer, Sophie Marceau, Tim Tebow, Jay-Z, Zara Phillips, O.J. Simpson, Madonna, Ana Ivanovic, Jennifer Aniston, Paris Hilton, Orlando Bloom, Tupac Shakur, Cuba Gooding Jr, Lily Allen, Kim Kardashian, Khloe Kardashian, Kourtney Kardashian, Scott Disick, Lamar Odom, Johnny Depp, Steven Spielberg, George Lucas, Noomi Rapace, Michael Fassbender, Nick Jonas, David Henrie, Sylvester Stallone, Tom Cruise, Idris Elba, Justin Bieber, Selena Gomez, Paul Rudd, Seth Rogen, Amy Adams, Chuck Norris, Nicole Kidman, Robert Pattison, Taylor Swift, Taylor Lautner, Martin Scorsese, Taylor Kitsch, Ryan Reynolds, Kristen Stewart, Antonio Banderas, Selma Hayek, Zach Galifianakis, Amy Sedaris, Robert Downey Jr., John Favreau, Michael Bay, Daniel Craig, Hugh Jackman, Chris Hemsworth, Chris Evans, Samuel L. Jackson, Scarlett Johansson, Mark Ruffalo, Edward Norton, Demi Moore, Keanu Reeves, Charlie Sheen, January Jones, Vinnie Jones, Leonardo DiCaprio, Christian Bale, Joseph Gordon-Levitt, Christopher Nolan, Tom Hardy, Jennifer Lawrence, Liam Hemsworth, Daniel Day Lewis, Daniel Radcliffe, J.K. Rowling, David Fincher, Andrew Garfield, Jessie Eisenberg, Rooney Mara, Aaron Sorkin, Henry Cavill, Peter Jackson, Mickey Rourke, Terry Crews, Ben Stiller, George Clooney, Tiger Woods, Ryan Gosling, James Franco, and Danny Boyle. Blog postings on the MJ Rolex Watch Blog are submitted by independent Rolex enthusiasts and not by Melrose.com.
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