Charlotte, NC, May 15, 2020 — In 2019, Printful reached $116 million U.S. in revenue, up 49.6% from $77.4 million in 2018. The company opened an office in Spain and expanded its fulfillment centers in the U.S. and Latvia.
The Printful team now has more than 800 specialists and experts worldwide in production, sales and marketing, customer support, developers, machine operators, designers, new product developers, sewing machine operators, and others.
In order to grow faster in Western Europe, in 2019 Printful opened an office in Barcelona. The company is now in test mode at its sixth facility, a fulfillment center close to Barcelona. The Printful website and customer support are also available in Spanish. Since the launch of the website in Spanish, revenue from orders in Spain has increased by 121%. Last year, the company launched its website and customer support in Japanese as well, making it possible to complete payments in yen.
Last year, the Charlotte, NC facility was expanded by 52,990 square feet, and the facility in Latvia was moved to a new, modern industrial park. Currently, the total area of facilities in the U.S., Mexico, Spain and Latvia has reached nearly 269 thousand square feet.
During the past year, Printful implemented new integrations with well-known ecommerce platforms including Bonanza, Magento, Wish and Wix, bringing the total number of integrations to 20.
In 2019, Printful added 59 new items to its product catalog. Blankets, stickers, jackets, vintage hats, all-over print fanny packs, hoodies and joggers have become especially popular. The company currently offers more than 230 products for printing, embroidery or engraving. Last year, Printful reached a goal of printing 10 million products. Its facilities have fulfilled more than 18 million products.
In 2019, the company made the Inc.com Fast 5,000, ranking #564 with a 786% growth increase.
“We have proved ourselves a sustainable, ever-growing business that follows the current ecommerce trends,” said Davis Siksnans, co-founder and CEO of Printful. “We work with great care because our customers trust us with what they value the most—their own customers. We’ve helped grow many successful ecommerce stores, and many brands rely on us to create their products.”
In March 2020, the U.S. and many other countries have taken safety measures to limit the spread of COVID-19, significantly impacting economic growth. Initially, demand for Printful goods and services decreased, but it is now experiencing a rapid increase. To keep up, Printful is set to purchase additional equipment for $3.9 million.
“Printful management is following the guidance from the local and global authorities to ensure the health and safety of the employees,” Siksnans said. “Even though adapting to new adjustments during the pandemic has created a noticeable decline for many businesses, Printful is experiencing order volume that can typically be seen during our peak sales period of Black Friday and Cyber Monday.”
Since Printful’s business is based on providing outsourced printing and shipping services for ecommerce store owners, the company predicts that despite the COVID-19 outbreak, the business could experience positive long-term effects.
About Printful
Printful is one of the largest custom on-demand printing and warehousing companies in the world, currently employing 800+ people across five fulfillment centers in California, North Carolina, Latvia and Mexico. Printful fulfills and ships products like clothing, accessories and home and living items for online businesses. The company offers over 230+ products from t-shirts and tote bags to blankets and backpacks. More information is available at www.printful.com.