Bidz.com (NASDAQ:BIDZ - News), a leading online auctioneer of jewelry, announced today the initial launch of its online retail store, Buyz.com, which offers quality jewelry at a fixed price, complementing the Bidz.com online auctions.
This initial, or beta, launch of Buyz.com, features high quality gold, silver and brand name jewelry and watches at fixed prices, the site will also offer customers to design their own jewelry, including diamond earrings and rings in the near future.
Both Bidz.com and Buyz.com sites benefit from the company’s proven ability to buy quality jewelry from sources around the world. The jewelry inventory for both is retained on site, which enables the company to quickly process and deliver all orders. Bidz.com, which grew 42% last year, sells an average of 12,000 items per day, making it one of the most popular online jewelry shopping destinations.
During this beta launch period, Bidz.com will continue to create programming and develop content for Buyz.com. The company will have the opportunity to listen to customer feedback and add new features and functions. As part of the formal launch, the company will conduct increased marketing and public relations outreach to further increase awareness.
"We are very excited about the initial launch of Buyz.com," said David Zinberg, Chief Executive Officer of Bidz.com. “We continue to successfully execute on our strategic plan and have advanced our goal of becoming the leading auctioneer and retailer of online jewelry. Our unique variety of jewelry allows consumers to choose from a broad selection of diamonds, rubies, emeralds, sapphires, and other precious and semi-precious stones. Buyz.com gives consumers the opportunity to buy quality jewelry at great prices, and gives them a wonderful, convenient alternative to the Bidz.com auctions.”
Source: yahoo
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