PHXEastValley Business Spotlight: Tanga.com

                          

Jeremy Young

Jeremy Young, CEO/ Founder

 Briefly describe your business.

Tanga.com, is deep discount retailer, akin to a hybrid Overstock.com meets Groupon. Tanga partners with organizations looking to get meaningful cash flow for excess or distressed inventory, similar to Overstock.

Tanga utilizes 24-hour daily deals and 48-hour flash sales similar to Groupon to rapidly liquidate inventory volumes. Categories that make up the largest amount of sales include a mix of name brand and generic jewelry, apparel, home/garden, health/beauty and electronics. With 32 employees, CEO Jeremy Young has grown Tanga more than 60% growth year-over-year. Tanga.com is all about a fun shopping experience and finding something that you didn’t even know you wanted by receiving personalized emails delivered daily. By providing various products at the lowest cost price point, including some surprises, Tanga makes you feel like a friend or family member sharing a special deal.

 

 


When did you create/or become the CEO of the business?

In 2006 and in 2010, after endless hours and experimentation, I found the right mix of attractive products at low price points. Armed with great deals and a focus on a loyal customer base that would come back again and again, the company took off and continues to be very successful today.

In 2014, Tanga was named to the Inc. 5000 list, honored as one of the fastest-growing private companies in America.

 


Briefly describe your executive role.

CEO and visionary, focusing on product and sourcing efforts. In addition, finding new partners and growing existing relationships. I push my employees every day to solve problems and think like the owner of the company.

 


Do you live in the East Valley?

Yes, I live in Gilbert. I love to cook and entertain at home for family and friends, including a pizza oven in the backyard.

 


Why did you choose to headquarter your business in the East Valley?

We love the East Valley, its vibe, schools and amenities, being family-oriented with lots of activities in addition to being a business-friendly environment. It is a growing, thriving and fun place to be.

 


How does your business give back to the community?

I have a personal commitment to Cystic Fibrosis and use my efforts to helping the organization, whenever possible.

 


How do you balance work and family life?

My secret to success and balancing work and family life is the understanding that without my business partners and employees, my efforts are fruitless. This has allowed me to spend time with my family and travel internationally together, including my wife and three children ages 16, 14 and 12. This teaches our kids cultural diversity and how the world works. Of course I take work with me wherever I go and stay in touch electronically with tools to allow for working anywhere, online. The culture of the company is family-friendly with hours to have balance and stability in personal lives.

 

Learn More about Tanga.com

tech-thirty 2015