ST. PETERSBURG, FL, August 14, 2012 (Press-News.org) Online shopping has boomed since the Internet began to infiltrate the daily routines of consumers. Today, more than ever, individuals turn to the World Wide Web when they need to make a purchase. Whether they are looking for a great deal, want to avoid the hassle of driving to the mall, or simply enjoy browsing the seemingly limitless selection of online products, these consumers are driving a retail sector that has changed the face of the industry. In fact, a $76 million investment in JustFab.com, a rising Internet-based organization, proves that investors view online shopping as a field of opportunity. Moneyonthego.net agrees, stating that online shopping is now a mainstay in American culture--one that is worth investing in.
Los Angeles Business Journal reports that JustFab.com, an online store that provides stylist-picked shoes and handbags to members, recently raised $76 million in financing. The funds were provided by several investors, most notably a venture capital firm called Rho Ventures LLC. Matrix Partners, Technology Crossover Ventures, and Intelligent Beauty Inc., the parent company of JustFab.com, also contributed to the investment.
The capital that has been raised for the website will be used to expand operations. The company is slated to add new fashion categories, branching out from handbags and shoes. Additionally, the website will offer products internationally, establishing a presence in the United Kingdom and other countries.
Moneyonthego.net believes that this development shows just how important online shopping has become in today's world. While $76 million is not an extravagant amount of money in today's investment industry, it is not an amount of money that would be contributed to a venture that did not show a great deal of promise. In today's recovering economy, investors are as careful as ever about their financial decisions. Naturally, they are looking to become involved in initiatives that are most likely to provide a return on their investment.
"Online retailers are growing around the world," Greg Bielawski, spokesperson for Moneyonthego.net, states. "The fact that investors are interested in participating in Internet-based retail initiatives shows just how important they have become to today's culture--especially when those contributions number in the multimillions."
ABOUT:
Moneyonthego.net is an Internet-based retailer that offers a catalogue of over 80,000 products through its Rewards Mall. A member-based organization, Moneyonthego.net provides each new member with a $2,500 shopping credit that can be used to purchase items in the Rewards Mall. Additionally, shoppers are given a Prepaid MasterCard that accumulates one Reward Point for each dollar loaded onto it. Reward Points are redeemable at the Rewards Mall. Each month, members can redeem up to 1,000 of their Reward Points for items in the Moneyonthego.net catalogue.
To learn more about Moneyonthego.net, membership packages, and the items in the Rewards Mall, visit www.moneyonthego.net.
Moneyonthego.net: Investors Looking for Opportunities in the Online Shopping Sector
Investors are looking for new ways to make money, and the online shopping sector currently holds a long list of opportunities to contribute to the new retail models. Moneyonthego.net believes this proves the relevancy of online shopping.
2012-08-14
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[Press-News.org] Moneyonthego.net: Investors Looking for Opportunities in the Online Shopping SectorInvestors are looking for new ways to make money, and the online shopping sector currently holds a long list of opportunities to contribute to the new retail models. Moneyonthego.net believes this proves the relevancy of online shopping.