Cartridge-World Continues to ‘Ink’ Record Sales
Two consecutive quarters of double digit same store sales growth is evidence consumers seek better value in ink and toner
September
2009 EMERYVILLE, Calif. – As more and more consumers are realizing the
value of refilling and recycling ink cartridges, Cartridge World
franchisees are reaping the benefits. The world’s fastest growing ink
and toner refilling retailer is reporting double digit increases in
same-store sales for the sixth consecutive month, with domestic same
store sales increasing 16.3% for Quarter Two over last year.
Despite
the tough economic conditions, 55 percent of Cartridge World’s stores
have achieved an all time high month at some point during the seven
months of the year.”Our continued success clearly reflects the
acceptance of our products from both consumers and businesses alike, as
they realize the financial and environmental benefits of refilling and
recycling their ink and toner cartridges,” said Steven Yeffa, President
of Cartridge World Americas. “We are happy for our franchisees’ success
during these challenging economic times and look forward to continued
growth throughout the remainder of the year and beyond.”
Voted
#1 in the category of toner replacement services by Entrepreneur
Magazine’s Franchise 500, Cartridge World is continuing to see
significant demand in the market in spite of the current economic
climate. With the recession squeezing budgets, the ability to use
Cartridge World for high-quality refilled and remanufactured printer
cartridges is becoming an indispensable service for businesses and
consumers looking to save money on office supplies.
“The simple
fact that our competitors continue to experience loss in revenues while
we continue to report double-digit increases further highlights that
consumers are fundamentally shifting to value,” Yeffa added,
referencing Hewlett Packard’s recent announcement that its printer unit
saw revenues down 20 percent for the second quarter as consumers cut
back on expensive ink and printing supplies.
In addition to the
cost saving advantages, Cartridge World addresses environmental issues
by showcasing its ability to refill ink cartridges without sacrificing
quality. By doing so, Cartridge World prevents more than 9 million
cartridges from going into landfills each year for businesses, schools,
organizations and the average consumer.
About Cartridge World
Emeryville,
CA – based Cartridge World is the world’s fastest growing ink and toner
refilling retailer and franchisor in the $80 billion printer cartridge
industry. The company refills and remanufactures inkjet and toner
printer cartridges, using state-of-the-art processes and high quality
inks and toners. It offers consumers and businesses a more affordable
option to buying new, provides a 100% satisfaction money-back guarantee
and helps the environment by keeping cartridges out of landfills. Voted
#1 in the category of toner replacement services by Entrepreneur
Magazine Franchise 500, Cartridge World has more than 1,700 franchised
retail locations in 61 countries.