Cymax Stores
 | |
| Type | Private |
|---|---|
| Industry | E-commerce |
| Founded | 2004 |
| Headquarters |
 Vancouver, British Columbia, Canada |
| Key people | Arash Fasihi, Founder; CEO |
| Products | Home & Office Furniture, Baby & Children's Furniture, Outdoor Furniture, etc. |
| Revenue | USD$100 million (2013) |
| Employees | 85 (2013) |
| Website | Cymax.com |
Cymax Stores Inc. is a privately held Canadian online retailer headquartered in Vancouver, British Columbia, Canada. Cymax focuses on home and office furniture and primarily services the United States.[1] The company has grown considerably with reported sales exceeding $80 million in 2009.[2] Cymax is currently ranked within the Top 200 E-tailers in the world in 2011 as scored by Internet Retailer Magazine.[3]
History
Cymax.com was founded in 2004 by Arash Fasihi, selling primarily television stands and entertainment furniture. The business launched its first website specializing in TV stands, Audio-Video-Furniture.com, in the fall of 2004.[4] The company eventually grew to sell products on 115 niche web sites.[5] In response to the Panda search engine ranking algorithm update made by Google.com in 2011,[6] Cymax began to consolidate products onto fewer websites. Today Cymax operates fewer than 3 microsites and focuses on selling home and office furniture through their flagship store, cymax.com. The CEO and founder, Arash Fasihi, was nominated for the Ernst & Young Entrepreneur of the Year Award 2010 (Pacific Region, Business to Consumer Category).[7]
Ratings
2007 - Ranked 247th in the Internet Retailer Top 500 Internet Companies index [2]
2008 - Ranked 200th in the Internet Retailer Top 500 Internet Companies index [3]
2009 - Ranked 167th in the Internet Retailer Top 500 Internet Companies index [8]
2010 - Ranked 168th in the Internet Retailer Top 500 Internet Companies index [8]
News
Cymax & eBill Me Case Study
Cymax News
References
- ↑ http://www.internetretailer.com/article.asp?id=27274
- ↑ 2.0 2.1 http://www.internetretailer.com/article.asp?id=29141
- ↑ 3.0 3.1 http://www.internetretailer.com/article.asp?id=30760
- ↑ Meisner, Jeff (September 17, 2008), Cymax Stores: The Little Online Furniture Shop That Could, E-Commerce Times
- ↑ Atkinson, Cathryn (November 5, 2008), The Birth of an E-Mall, Toronto: The Toronto Globe & Mail
- ↑ Singhal, Amit (February 24, 2011), Finding more high-quality sites in search, Mountain View: Google
- ↑ http://www.ey.com/CA/en/Newsroom/News-releases/2010-EOY-finalists-Pacific/
- ↑ 8.0 8.1 http://www.internetretailer.com/top500/profiles/cymax-stores-inc/#cymax-stores-inc