SOURCE: Swap.com

Swap.com

September 01, 2015 08:00 ET

Swap.com Relocates, Grows 5x

Online Consignment Retailer Continues Rapid Growth; Relocates to Larger Headquarters and Is Looking to Hire 700 New Employees

BOLINGBROOK, IL--(Marketwired - Sep 1, 2015) - Swap.com, an online consignment marketplace for baby, kids, maternity, and women's clothing and accessories, today announced it has signed a long-term lease to occupy a 361,000 square-foot building located at 850 Veterans Parkway in Bolingbrook, Ill. The move will accommodate the company's growth plans over the next few years, while maintaining its presence in the Chicago community.

Swap.com is pacing toward 50 percent revenue growth month-over-month. In the first three weeks of August, the company has had two record weekly revenue numbers and one week of 25 percent growth over the previous.

"The momentum and consistent growth Swap.com has experienced over the past few months are testaments to our incredible team, customers and investors," said Dr. Juha Koponen, CEO and co-founder of Swap.com. "We look forward to expanding our operations, inventory and team over the coming months."

The company has plans to hire 700 additional employees in 2016. Swap.com's current office is 67,000 square feet; the new headquarters quintuples this space at 361,000 square feet. Cushman & Wakefield assisted Swap.com in the transaction.

"The consumer shift toward online shopping versus traditional brick and mortar retail is fueling significant demand for warehouse and distribution space across the country," said Jason West, executive director with Cushman & Wakefield's industrial brokerage group. "This industry trend has been widely publicized and is expected to continue as more online retailers, wholesalers and fulfillment companies emerge to satisfy consumer demand."

For more information on how you can buy, sell and swap on Swap.com, please visit www.swap.com.

About Swap.com
Swap.com simplifies consignment and makes the process of buying and selling pre-owned items more convenient, safe, and profitable than ever before. The company offers a selection of more than 400,000 baby and kids' clothing and accessories, as well as maternity and women's apparel. Swap.com is based in Bolingbrook, Illinois. The service was launched in 2013.

Contact Information

  • Media Contact
    Justin Knechtel
    VP of Marketing
    justin@swap.com
    (630) 296-0146