Buy.com Reports $1 Million Profit
The Internet retailer Buy.com announced this week that it posted a profit of $1,015,000 for the second quarter of 2007, marking a turnaround after the company lost more than $3 million for the same period the year before.
The profit marked a record for the company. In a statement, Buy.com attributed the gains to “new operational efficiencies and improved shopping enhancements.”
In early August, Buy.com launched a “garage sale” feature, which allowed users to sell products directly to their “friends” on social networking Web sites. The launch included a deal with Facebook.com.