When was tool king founded

Cohen got into the tool business 33 years ago with a single store in Detroit. He moved to Colorado in , and started Tool King with money from a car loan. The company built itself up to 10 stores in Colorado and neighboring states in the s, but started closing them in because Cohen decided the future of his business hinged on Internet sales. All stores except the Lakewood flagship location shut down by I thought, this has potential. Tool King said it's now eBay's largest tool seller.

EBay said Tool King is one of its "power sellers," with Most of its customers are construction contractors and serious do-it-yourselfers. Remember to keep checking back as we update and add more gear every day.

Fast Shipping. Home About Us. The exact timing is a bit unclear. Reviews left on Yelp. In an August interview, Brandon Allhands, Director of IT explained the shuttering of the last retail store this way:. To counter the bots ToolKing hired a company that could filter the traffic to tell the difference between the bots and human shoppers.

In a interview ToolKing claimed that the new measures both reduced their hosting costs and improved conversion rates. The site was intended to be both a consumer destination and a platform to help suppliers grow their books of business. Once vendors were selling on TonZof, they would also be able to syndicate their products to other shopping sites, like Amazon and Walmart.

The Internet archives show that Tonzof. Bankruptcy records suggest that these projections were optimistic, to put it mildly.

On December 16, , Tonzof filed for bankruptcy. The authors of this article are neither tax nor bankruptcy experts.