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Zappos forcast over $1 Billion Online Sales in 2008

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In 2007 Zappos.com, one of the best online shoe retailers, has increased its e-commerce sales from $597 million (2006) to around $800 million which is 34% rise than the previous year.

CEO of Zappos Tony Hsieh says "We are forecasting to do over $1 billion in gross merchandise sales in 2008...Our growth has been driven primarily through repeat customers and word-of-mouth. We will continue to focus on building our brand around providing the best service."

Zappos stocks more than 3 million shoes, handbags, clothing items and accessories. Since the first sale from 1999 zappos is famous for its high end customer service and best collection of shoes. Increasing popularity of zappos is affirmed by the recent acquisition of 6pm.com (footwear and accessories site) from eBags.com. And also zappos is among the top 10 online retailers in consumer satisfaction this holiday shopping season in a survey conducted by foreseeresults.com.