Retail Rush Columbus Operation Achieves $4M Annual Revenue Run Rate
LQDT•Retail Rush's Columbus BOPIS auction marketplace reached a $4 million annual revenue run rate since its September launch, driven by frequent repeat customers and expanding inventory of overstock and returns. Daily auctions and local pickup eliminating shipping costs have driven strong engagement and underpin expansion plans into new markets.
1. Columbus Operation Reaches Milestone
Retail Rush launched its buy-online, pick-up-in-store auction marketplace in Columbus, Ohio on September 1st and has since achieved a $4 million annual revenue run rate, marking a key growth indicator for the company’s consumer engagement strategy.
2. Strong Consumer Demand and Engagement
The platform’s daily online auctions feature overstock and returned goods, creating a ‘treasure hunt’ experience that encourages customers to participate multiple times per week and fosters a growing base of repeat shoppers.
3. Differentiated BOPIS Model
By combining auction dynamics with local pickup, Retail Rush eliminates shipping costs and delays, leveraging urgency-driven bidding cycles and constantly refreshed inventory to maintain high engagement levels.
4. Expansion and Scaling Plans
Building on Columbus momentum, Retail Rush plans to increase inventory volume, enhance the customer experience and roll out its BOPIS auction model into additional markets to drive further revenue growth.
