Market America, a popular global e-commerce company, is scheduled to kick off its 25th annual international convention in Greensboro Coliseum, North Carolina. According to the company, more than 20,000 entrepreneurs, as well as celebrities and friends, are expected to attend the event. Marc Ashley, the company’s chief operating officer, has hinted that the 2017 event will a memorable one.
Henri Fourrier, the president and CEO of the Greensboro Area Convention and Visitors Bureau, has projected that the scheduled event will bring about $15.7 million in revenue to the city. It is reported that Market America’s management intends to use the platform to give updates about the firm, including the company’s new products, initiatives, and technology.
The 2017 winner of the Triad Business Journal’s Family Business Award, the company’s 25th anniversary is hinted to host Fat Joe and Jamie Foxx among other celebrities. Ashley also hinted that the company is scheduled to declare Malaysia as its 10th market country. This implies that Market America will increase its presence in the area, putting up an office, a distribution center, and a website. The Malaysian branch will employ about 25 people bringing the company’s staff tally to around 900.
The COO projected that the event will bring an economic impact of about $20 million to Greensboro. He further added that franchise owners, and distributors from Canada, Australia, Mexico, Taiwan, and others parts of the world will form part of the crowd. On the last day of the convention, visitors will have the opportunity to tour the company’s local headquarters along the Pleasant Ridge Road.
Market America Acquires Shop.com
Market America has confirmed that it has purchased Shop.com for an undisclosed amount. The company will, however, continue to operate separate from Market America, retaining its two locations in London and Pasadena. The acquisition is a move aimed at expanding the company’s market presence.
Founded in 1992 by JR Ridinger, the company has grown to become a global e-commerce industry leader with over $6 billion in sales. Currently, the has more than 3,000 suppliers and enables consumers to access over 80 million different products. Via twitter