The Saatva Company Named Fastest Growing E-Commerce Retailer
Furniture World News Desk on
6/29/2016
The Saatva Company, America's fastest growing online-only luxury mattress brand, recently reported that it has been awarded Internet Retailer's E-Retailer Growth Award. Announced at the annual Internet Retailer Excellence Awards in Chicago, the award firmly places Saatva at the top of a noteworthy list of growing e-commerce companies including Naked Wines and Wayfair.
Internet Retailer is the world's leading publisher of strategic e-commerce business intelligence. The E-Retailer Growth Award is given to the top retailer showing the highest growth rate with at least three years as a top 1,000 retailer. In 2015, Saatva grew over 265% to $75M in revenue. Last year's winner, Dollar Shave Club, showed a similar trajectory.
"We are thrilled to be recognized as a top e-commerce company among so many strong and growing brands," said CEO and Founder, Ron Rudzin. "We have stayed true to our commitment of bringing transparency and one-of-a-kind customer service to the ultra-premium mattress industry and will continue to do so. With sales projected at $180M this year, we are showing no signs of slowing down and are excited to be a part of the ever evolving internet retail industry."
Saatva is a new kind of mattress company that designs, manufactures and delivers luxury innerspring, memory foam and latex mattresses. By cutting out the middleman in the traditional supply chain, the company is able to provide a luxury product at significantly less cost than other retailers. Saatva spent years building a scalable, nationwide infrastructure that manufactures, distributes and offers concierge delivery on luxury mattresses nationwide.
Since Saatva's launch five years ago, the company has grown into one of the largest online-only mattress companies in North America with its three product lines; Saatva Mattress -- classic luxury innerspring mattress, Loom & Leaf -- ultra-premium memory foam, and the recently launched, Zenhaven -- 100% natural latex.
According to co-founder Ricky Joshi, "Zenhaven sales have already bypassed our projected internal sales estimates since we launched last month. Based on these numbers, we are entering a new phase of e-commerce and are poised to continue to lead the way."
The winners of the 2016 Internet Retailer Excellence Awards were announced at the dinner banquet on June 8, 2016 held at the Hyatt Regency McCormick Place Hotel in Chicago during IRCE -- the world's largest e-commerce event.
More about The Saatva Company: The Saatva Company is devoted to building customer relationships built on providing the best buying experience over a lifetime of mattress purchases and insuring that the customer will never have to go to a mattress store again. The company designs and delivers luxury mattresses through 18 U.S. and Canadian-based factories and over 120 fulfillment centers. By cutting out the middleman and retail store markups in the traditional supply chain, the company is able to provide a luxury product at a significantly lower cost than other retailers and with a lot less hassle for customers.