Retail Industry
Industry: Email Alert RSS FeedBuy.com reels in 49% more revenue.(Brief Article)
Video Business, August, 2000
Buy.com, now conducting VHS and DVD online transactions for Hollywood Video's Reel.com, reported revenue of $193.2 million for its second quarter, up 49.4% from the same period last year. The e-tailer attributed the increase to a 195% jump in cumulative customer accounts to 2.8 million. Buy.com lost $33.6 million in the period, up from the $28.1 million it dropped in second quarter 1999.
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