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New online bookseller taking off

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 27 Jan 2005

New online bookstore Loot.co.za says it is showing rapid growth, with a satisfactory fourth quarter in 2004.

Loot.co.za recorded its best sales month in November since its launch a little over a year ago.

Michael van Rooyen, founder of Loot.co.za, says his company`s sales were double the normal level in October and November, outstripping the industry growth of around 30% during the festive season.

"We are still growing our reputation," says Van Rooyen.

"We are very bullish considering the past few months. We attribute this to a mixture of a larger disposable income for consumers and a gradual pick up of our market presence and brand . People are slowly getting to know that we exist. With our catalogue now approaching 1.5 million titles...we expect strong growth to continue in 2005."

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