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TradeCard Reports Stellar 2004 Growth

Wednesday 26 January 2005 21:04 CET | News

TradeCard has reported that its 2004 revenue was up 129 percent from 2003.

This marks the second consecutive year that the company more than doubled its revenue. The 2004 growth was powered by a series of high-profile customer wins, including: - Rite Aid Corporation (NYSE: RAD), a Fortune 500 drugstore chain. - Kellwood Company (NYSE: KWD), a Fortune 1000 marketer of apparel and consumer soft goods. - Columbia Sportswear Company (Nasdaq: COLM), one of the world’s largest outerwear brands. - Dick’s Sporting Goods (NYSE: DKS), a Fortune 1000 sporting goods retailer. - Brooks Sports, a running company recently acquired by Russell Corporation. - Sole Technology, maker of popular skate shoe brands such as Etnies and Emerica. - One of Europes most recognizable footwear brands. - A household name for men’s casual and dress apparel. - A publicly traded provider of upscale sportswear. Through its web-based platform, TradeCard connects buyers and suppliers online, enabling them to transact more profitably, as well as access integrated financial and trade services. TradeCard is fast approaching industry-standard status in footwear and apparel, amassing a customer roster that reads like a virtual “who’s who” of these industries. Within retail – a newer market for TradeCard – the company already has seven industry stalwarts as customers. Customer Satisfaction Drives Increased Volume, Global Expansion In 2004, TradeCard saw a near 100% increase in the volume of transactions processed over its platform. The growth carried TradeCard’s annual transaction volume deep into the billions (USD). Likewise, business with suppliers remained strong, as TradeCard signed on nearly 500 companies in China, Hong Kong, India, Korea, Taiwan, Vietnam and other countries. TradeCard also continued its success in Europe, where its new office brought on suppliers in approximately 10 countries. All together, TradeCard now counts customers in 34 countries. Numerous Accolades Solidify Market Leadership In 2004, TradeCard won Global Finance Magazine’s prestigious Best Online Trade Finance Provider award for the fifth consecutive year. The company was also the recipient of Supply and Demand Chain Magazine’s 2004 Executive 100 Award, an honor given to supply and demand chain innovators. In addition to these awards, TradeCard garnered positive 2004 coverage from several top analyst firms, including AMR Research (Branded Apparel Manufacturers Use TradeCard to Improve Trade Finance, December 2004) and Gartner G2 (Apparel Company Integrates Trade Finance With Supply Chain, November 2004).


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce