Shoebuy Extends Success to New Private Events Business

BOSTON, Sept. 9 /PRNewswire/ -- Shoebuy.com (www.shoebuy.com), one of the largest retailers of footwear, accessories and related apparel on the Internet and an operating business of IAC (NASDAQ: IACI), announced today that new member requests are topping 5,000 a day at its newest website, events.shoebuy.com. Shoebuy Events offers private flash sales on a members only basis featuring unmatched savings of up to 90% on leading brands such as Rockport, Aerosoles, Heys USA, Crocs, Dr. Martens, Florsheim, Kangol, Johnston & Murphy, Timberland, Timbuk2 and others. These new Shoebuy members join the millions of shoppers that already shop Shoebuy.

Founded in the midst of the dot-com boom, Shoebuy.com is one of the few Internet companies to emerge successfully from that period and has become one of the most heavily-visited apparel shopping sites in the U.S. with over 6.5 million shoppers a month, and over 1,000 brands, 800,000 products, and $3.5 billion of inventory available to purchase.

Shoebuy Events is the latest in a series of new businesses that leverage Shoebuy's proven business model, robust technology platform, vendor relationships, and ecommerce expertise. In the past year, in addition to Shoebuy Events, the company has launched designer.shoebuy.com, a site that offers a specialized shopping experience and design-focused products, Shoebuy.co.uk, addressing the UK marketplace, and ProductExpress.com, which provides free overnight delivery on a broad selection of shoes and accessories. The company recently unveiled an iPhone app, enabling shoppers to enjoy all of the traditional Shoebuy features from their mobile devices. Shoebuy.com also replicated its business model in another product category with the November launch of FloraFlora.com, an e-tail flower supersite.

"With our portfolio of over 1,000 great brands, millions of loyal customers, and a decade of ecommerce expertise, Shoebuy Events is uniquely positioned to deliver tremendous value to both shoppers and manufacturers," says Scott Savitz, CEO of Shoebuy.com. "Listening to our customers has always been the most important factor in our success and we are hearing a lot of excitement about our private sale business from both our shoppers and our brands. Shoebuy Events has proven to be a great way to generate a lot of fun viral-based attention and at the same time to move very large quantities of product in one 48 hour event."

Shoebuy Events is only available to registered members and features offers that are unmatched anywhere on the web. All products and pricing that are featured on the site are reviewed to ensure that all offerings always represent the best deal available on leading styles of shoes, bags, apparel, and accessories.

Shoebuy.com was created with one overarching purpose: to revolutionize how people shop for products online while keeping the customer the number one priority. Shoebuy Events furthers that tradition.

About Shoebuy.com

Shoebuy.com is one of the largest retailers on the Internet focused on all categories of footwear and related apparel. Shoebuy.com offers over 800,000 products from 1,000 brands including adidas, Aerosoles, Allen-Edmonds, Bass, Born, Bostonian, Brooks, Clarks, Crocs, Dockers, Donald J Pliner, Dr. Martens, Easy Spirit, ECCO, Fila, Florsheim, Franco Sarto, Hush Puppies, Jessica Simpson, Johnston & Murphy, K-Swiss, Keds, Mephisto, Merrell, Mezlan, Naturalizer, New Balance, PUMA, Reebok, Rockport, Sebago, Skechers, Softspots, Sperry Top-Sider, Stride Rite, Timberland, Tommy Hilfiger, and many more. Shoebuy.com also operates Bagsbuy.com, which represents all categories of bags including handbags, backpacks, luggage, baby gear, briefcases and laptop bags, Product Express which makes available over 10,000 products with free overnight shipping for the customer who needs the product now, and designer.shoebuy.com which offers a specialized shopping experience and design-focused product from over 200 top designer brands. Shoebuy.com is an operating business of IAC.

SOURCE Shoebuy.com

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