It’s been an exciting year for UpCart. August is the unofficial anniversary as a company. The first shipment of UpCarts arrived in August of 2015. In August of 2016, UpCart officially broke into the International market with a couple major distributors and today is the last day of August 2017… This month we broke the $2M revenue mark for international, (they are currently sold in 18 countries) and fell just short of hitting $7M total revenue (expect to hit it in September).
“We just about matched last year’s total revenue with four months left to go… so we continue to grow at a very nice pace (note, we have over $1M in current receivables, so we are on track to hit our conservative goals and if we have a strong Q4, we should hit some of our more aggressive goals),” Michael Reznik, CEO of UpCart said.
However some of the most exciting things to come are only just now taking shape. UpCart just released their newest product the UpCart Lift at the hardware show In May and the first shipment of this item only arrived in their warehouse a couple months ago. The UpCart Lift is being met with remarkably positive response. This item already sold out once on Amazon and has been picked up by Home Depot, Tractor Supply, Do It Best, and a major US retailer is conducting a 16-store test in September to see how it sells. If it goes well, they will roll UpCart out nationwide.
UpCart has also just recently launched on Bed Bath and Beyond and are weeks away from launching on Lowes.com
With all the new opportunities taking shape, UpCart would be remiss if they failed to mention their success with QVC.
“QVC continues to be a great channel for us,” Reznik notes. “We released the UpCart in new colors exclusive to QVC this year and the customers love it. We sold out of the first shipment very quickly and they have re-ordered several times. We expect the colored UpCart to be a great seller this holiday season on QVC.”
UpCart also has a few exciting new variants under development right now that will be launched next year, including an updated version of the UpCart that will replace the UpCart Original and Deluxe.
Lastly, UpCart will be issuing a press release in a couple weeks announcing their “Up For Anything Video Contest”. They will be conducting a nationwide video contest and awarding a $10,000 cash prize to the video receiving the most votes.