Onsale Inc. (Nasdaq:ONSL), a popular Internet retailer, today reported that more than ten million bids have been placed on its atAuction service at www.onsale.com. The ten-millionth bid was placed on Sunday, February 21, approximately two months after reaching the nine-million mark.
“Passing ten million bids illustrates our continued momentum in the retail online auction market, even as we are expanding into the selling of new goods with Onsale atCost, our wholesale store,” said Jerry Kaplan, Onsale’s president and CEO.
The company reports that it currently has more than one million people registered to bid or buy on its Web site, and repeat customers accounted for 77 percent of the orders during the most recent quarter.
Onsale atAuction offers bargains on excess merchandise and services through online auctions. Products include personal computers, consumer electronics, sports and fitness equipment, and vacation packages.