Forbes. Startup Fab.com is not seeing any traditional retail summer slowdown in its business. Fab added 1 million members in July–a 20% increase in total members in one month fueled by mobile and social growth.
The New York company had forecast July as its slowest month of the year due to typical seasonal trends. Instead, memberships and sales have taken off. “It was far and away our best month ever,” says Jason Goldberg, founder and CEO at Fab.
Fab now has 6 million members, a remarkable number considering the company launched in its current form in June 2011. The company had 3.5 million members in April when I wrote a feature on Fab. The last week of July was also Fab’s best sales single week ever.