Fab, the design powerhouse, appears to be going, shall we say, gang-busters in Europe. Figures released to us indicate that design-conscious Europe is becoming a crucial cost center, and may even affect the future direction of the startup that has raised $171m in funding to date. → Read More
On the heels of winning best ecommerce application at the Crunchies last week, design-focused retail site Fab is revealing impressive sales data for January. The site added 1 million members in the month, bringing Fab’s total membership to 11 million users (up from 1.5 million in January 2012). → Read More
Design-focused e-commerce site Fab.com has been having a good year (and a half), and thanks to the massive 100-plus page slideshow the company has now shared, it has the figures to prove it. According to Fab’s latest, the site reached 10 million members in 2012, and sold 4.3 million products across 26 countries. → Read More
Fab announced today that 56% of its Christmas day U.S. revenue was from sales through its mobile apps, a new single day record for the design-focused e-commerce platform. Forty percent of its European revenue on that day was also via mobile, another milestone for the company. → Read More
Fab founder and CEO Jason Goldberg announced on his blog that Times Internet has made a seven-figure investment in the company, which help the design-focused e-commerce site expand its India market strategy. Times Internet is the digital arm of The Times of India Group, that country’s largest media company. The investment was overseen by Times Internet Group CEO Satyan Gajwani, who is intent on… → Read More
Design-focused e-commerce site Fab released a number of data this morning, and it’s impressive to say the least. Fab has sold more than $6.5 million worth of product this past week, up from $1.7 million during the same period last year. That’s up 300 percent from last year. → Read More
Online design focused shopping site, Fab, has given its Android app its first update, more than a year on from the original app launch. The ecommerce site boasts more than nine million users and says mobile is an increasingly important component of its business — with almost half of its users using their phones to buy goods via the site, and around a third of traffic and sales coming from mobile. → Read More
Design-focused e-commerce site Fab has been steadily trying to decrease the amount of time it takes from when a customer hits purchase on the site to when they actually receive the item. Via new warehouses and shipping models, Fab has been able to get items to users within a few days as opposed to a few weeks. And today, Fab is debuting a new feature–free shipping. → Read More
Online designer shop Fab.com, which boasts some nine million users, is insourcing its Indian technology partner, True Sparrow Systems, by acquiring the company. The buy was reported in The Economic Times which described it as a cash and stock deal. The value of the deal was not disclosed. The paper notes it’s the first time a U.S. based ecommerce company has acquired an Indian technology startup. → Read More
Design-focused e-commerce site Fab is constantly iterating and innovating. The company, which just hit 7 million users, unlocked the site from signing-in, expanded internationally, launched a major site redesign and raised over $100 million more in funding. All of that happened in the past six months. To add to this list, Fab is debuting brand new, completely redesigned iPhone and iPad apps today… → Read More
Last week online commerce and design powerhouse Fab was admitting, with some irony, that the design of its user experience had not been great, given that it required users to log-in before viewing items. With that requirement dumped, the stage is set for its next move: a full blown assault on the European market following its acquisition this year of Germany player Casacanda and most recently … → Read More
Indulge yourself with a beard wig, toy Lamborghini, or $5 sunglasses on Lish, a new impulse shopping site from Payvment with two-click purchasing powered by PayPal. Today’s launch sees Payvment expanding beyond Facebook ecommerce storefront tools by redirecting all traffic from its old Shopping Mall app to this Pinteresty discovery portal for its merchants.
Lish surfaces fun, affordable… → Read More
It takes a lifetime to build up social capital, but now it’s easier than ever to burn it all to earn some discounts via new ecommerce discovery site affiliate programs. But why should Fab, or The Fancy, or other Pinter-esque services care? They’re not the ones getting spammed. It’s Facebook and Twitter’s problem.
But that’s bullshit.
By incentivizing aggressive sharing with monetary… → Read More
Fab.com’s international expansion continues, and this morning, the social shopping site is arriving in its 20th market: Canada. The additional market follows Fab’s European expansion to 13 more countries across Europe last month, which then brought Fab to 16 countries worldwide. Since then, it has also added Sweden, Poland and Cyrus to the list.
According to Fab CEO Jason Goldberg, customer… → Read More
Earlier today we spoke to Fab.com CEO Jason Goldberg at TechCrunch Disrupt, on the anniversary of his company’s pivot from gay social network to design-focused flash sales site, and a week after its mini-pivot to curated social shopping site.
In addition to expounding on the past, Goldberg spoke about his expanding vision for the new eCommerce, and how he saw Fab as essentially competing with… → Read More
Design shopping site Fab.com is debuting the next major release of its platform today, Fab 3.0, which is going live on the U.S.-based Fab.com first. The revamp focuses heavily on improved “social shopping” features, and will soon arrive in Fab’s mobile applications before rolling out to Fab’s European properties later this year.
The update offers over 100 enhancements, both big and small, but… → Read More
Not even a month after news of Fab.de’s growth in Germany and Austria (revenue reaching 1.5M Euro per month), the company is today announcing its expansion across Europe. Starting now, Fab is available across 13 more European countries as an English or German-language website. In addition to the U.S., and the two markets served by Fab.de, that brings Fab to 16 countries worldwide.
The… → Read More
Fab has just released new figures on its growth in Germany and Austria, following February’s acquisition of Casacanda, a top flash sales site previously serving Germany, Austria, and Switzerland. And the news is good, it seems. As of today, the German vertical Fab.de has 500,000 users, having added 300,000 over the past month. And revenue per month is up by over half a million euro. → Read More
There’s something interesting going on over there on Fab. The design shopping site found that some of its best customers – that is, those who convert to paying customers the quickest, those who spend the most, and those who return the most often – are mobile users.
The company has known about this data for some time, but wanted more in-depth analysis, so it hired software-as-a-service firm … → Read More
One year after the infamous Fab.com “reset” from a social network for gay men to a powerhouse design shopping site, CEO Jason Goldberg is taking a look back on the company’s progress. Staying true to the startup’s “one thing” as he calls it (design, obviously), the company has grown to more than 2.5 million members, up from 1.5 million at the end of last year. That’s 67% growth in the first two… → Read More
Three weeks after the launch of Samwer Fab clone Bamarang in Germany, the UK, France, Brazil and Australia comes the news that Fab too has decided to bolster its European front lines through the acquisition of German Flash sales site Casacanda.
According to a source familiar with the proceedings, the deal went down for $11 million in stock, with no earn out. → Read More
Fab.com founder and CEO Jason Goldberg just made a significant announcement on his blog about some new and upcoming changes at the ridiculously fast-growing startup.
The design shopping site now boasts 2 million members, having added more than 400,000 new members in the past month and doubling membership since November. Expect that number to grow fast, because the site is now open for everyone… → Read More
Fab.com, the incredibly fast-growing marketplace for all things design, has made its first acquisition after raising over $50 million in venture capital. The company this morning announced that it has bought NYC-based FashionStake, a community-curated marketplace for independent designers.
The deal will enable the hundreds of indie designers who’ve sold their collection on FashionStake to date… → Read More
The nominations have been tabulated and the votes are in. Over 300,000 nominations were calculated across 20 categories. Along with our partners GigaOm and VentureBeat, we are very proud to announce the finalists for 2011′s best in technology. Voting begins now.
For 2011, we’ve added some new categories. Best Location App, Best Cloud Services and Biggest Social Impact join the Crunchies ranks… → Read More
Exclusive – Fab.com, the ridiculously fast growing e-commerce startup, is launching a new social shopping feature today that lets members view and interact with any activity on the design flash sales site in real-time.
Dubbed the ‘live feed’ and reminiscent of Facebook’s early iterations of what is now the News Feed, it captures what users are purchasing, sharing, commenting on etc. → Read More
Design-focused flash sale site Fab announced an important user milestone today, the site hitting a million members; The company celebrated by giving each of their users $10 to spend and another $10 more to each friend they signed on.
The invite-only site has seen massive success since it pivoted from a gay social network in June, bringing in another 275K users in the past 30 days — with around… → Read More
Fab.com, which started out as Fabulis, a social networking site for gay men, has not only recently changed its name but also started from scratch with an entirely new business centered around online flash sales of design items. After raising a $1 million seed round, and another $8 million in Series A funding, back in July, the company has seen absolutely stunning growth after the pivot.
The… → Read More
The members-only design marketplace Fab.com is expanding beyond its 72 hours flash-sale model this morning, with its U.S. Design Pop-Up Shop, created in conjunction with Fast Company magazine’s U.S. Design issue. In this issue Fast Company names 76 products “made in America” to highlight and Fab has teamed up with many of their designers to host a curated selection of their products for the… → Read More
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