PartStore.com
 | |
| Type |
Parts Retailer Service Parts Replacement Parts Accessories |
|---|---|
| Founded | 2003 |
| Founder(s) | Dean Summers & Glenn Laumeuster |
| Headquarters | 360 Park Avenue South, 15th Floor, New York, NY 10010 |
| Products | Electronic replacement parts |
| Employees | 8 |
| Parent | Partsearch Technologies |
| Website | PartStore.com |
PartStore.com is a major online parts retailer[1] Consumer Electronics, Major Appliances, HVAC, Outdoor Power Equipment, Fitness, Lighting, Medical Equipment, Broadcasting Equipment, and Wireless Batteries & Adapters and is listed in Internet Retailer's Top 500 largest e-retailers. It is part of larger company Partsearch Technologies. Partstore.com offered expert advice and money saving solutions to prolong the lifespan of electronic gadgets and optimize battery performance.[2]
History
Launched in 2003, the website was originally PartSolver.com as the representatives that worked for PartStore.com were titled Parts Solvers. The founders of Partsearch Technologies, Dean Summers and Glenn Laumeister are responsible for the creation of the website. Since its release PartStore.com also jumped 115 places from #401 in 2005 to #286 on the Internet Retailers Top 500 List. The 2010 list ranks Partstore.com at number 286 overall and number 8 in the hardware/home improvement category.[3]
PartStore.com also ran an Active Duty Delivery Program, where they allowed and delivered goods to soldiers working overseas. Starting in 2006, the program delivered direct to APO mailboxes.[4] The program also provided discounts for those who take advantage of the service.
Aligning with its parent company, Partsearch, PartStore.com implemented a Green initiative to help keep old electronics from entering landfills. Partstore's website was down for a few days, after the company lost its largest client and had to layoff the majority of its staff.[5]
Electronics retailer Best Buy Co. Inc. won the auction last week to buy Partsearch Technologies Inc.,[6] PartStore.com's parent company, which filed for Chapter 11 protection on January 27, 2011 in Manhattan Best Buy had been Partsearch’s largest customer.
The first bid at auction, $2.875 million, came from Eldis Inc. PartStore.com / Partsearch listed assets for $4 million and total liabilities of $13 million. On top of the $5.9 million owing to Best Buy, liabilities include $7 million in trade payables plus an undetermined amount for labor law violations for firing workers without required notice.
The case is In re Partsearch Technologies Inc., 11-10282, U.S. Bankruptcy Court, Southern District New York (Manhattan).
As of 9/28/11 the website is still up and operating. Underneath the logo is a tagline reading 'A Best Buy Brand'.
Slogans, Taglines
The PartStore.com slogan on the official website is "America's Largest Parts Superstore"[7]
PartStore.com has millions of parts, ranging from appliance parts to computer accessories, and other replacement parts.[4] PartStore offers uncommon parts, projector lamps, commonly misplaced or broken components & accessories, and add-ons for household electronics and appliances.
References
- ↑ PartStore.com Partners with Netconcepts. Published by TMCnet on December 6, 2006. Accessed on June 25, 2007.
- ↑ "Maximize the Lifespan of ThinkPads, Macs, iPhones, BlackBerrys and More." (Encyclopedia.com). October 30, 2009. Retrieved June 13, 2010.
- ↑ "Partstore.Com Jumps to #286 on Internet Retailer's 2010 Top 500 List" (Encyclopedia.com Release). June 10, 2010. Retrieved June 12, 2010.
- ↑ 4.0 4.1 Active Duty Delivery Program launches. Published on June 13, 2006 by CSRwire. Accessed on June 26, 2007.
- ↑ http://kingston.ulsterpublishing.com/view/full_story/10165390/article--Step-forward--step-back-Partsearch-shutters-TechCity-shop-with-little-warning-?instance=secondary_stories_left_column
- ↑ Rochelle, Bill (28 March 2011). "Harry & David, Blockbuster, Madoff, Lehman: Bankruptcy". BusinessWeek.com. Retrieved 28 March 2011.
- ↑ Official Website. Accessed on July 13, 2010.