ToughBuilt sales on the rise

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ToughBuilt sales on the rise

By HBSDealer Staff - 01/14/2020
ToughBuilt Industries, Inc., the tools and accessories manufacturer, reported sales for 2019 increased more than 25% to $20 million from sales of $15.3 million in 2018.

“We announced another strong sales year and hit the $20 million benchmark and a year over year increase of 25%,” said Michael Panosian, CEO of ToughBuilt. “We are encouraged by our double-digit year over year growth since inception, and our 2020 is off to a positive start, building upon the momentum of 2019. New products line launches and further inroads in worldwide brick and mortar and online market penetration are expected.”

The Lake Forest, Calif.-based company also reported that sales through its U.S. and Canadian Amazon storefronts hit $700,000 for December 2019, up 55% from sales of $450,000 in November 2019.

“Having gained the necessary experience in charting Amazon waters, we are doubling our efforts and investments to grow more aggressively with current lines and new product launches for years to come,” Panosian said.


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