Karmaloop steps up its game and forecasts its 2008 revenue to be $40 million, more than double from last year.
"The e-retailer of trendy apparel and accessories for teens and young adults expects 2008 sales to run about 30% less than initially expected because of the economic slowdown, but still projects sales growth of more than 100% this year to $40 million, CEO Anand Shah tells Internet Retailer."
With its Kazbah Store and Karmaloop TV, Karmaloop is in the top 500 of online merchants in terms of turnover.
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Originally posted in German by Jochen Krisch, translated by Jason Soo.
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