All major categories saw a significant uplift as customers turned to online to fill their homewares and furniture needs during lockdown.
What happened
Furniture brand Temple & Webster saw sales skyrocket in the second half of the year, with revenue growing 90 per cent on the prior corresponding period.
Why it matters
“As a team, we remain proud that we have played a small part in being able to help Australians set up their homes during this crisis,” Temple & Webster chief executive Mark Coulter said.
The business has seen active customers grow 68 per cent in the year-to-date to 440,257, and a year-to-date revenue increase of 68 per cent to $151.7 million.
“We can already see in our numbers that many of the customers who have never shopped with us before, and may be first time online shoppers in our category, have already returned and made repeat purchases,” Coulter said.
This news brief is based on reporting published by InternetRetailing Australia on 2020-06-18. The original report is linked below.
InternetRetailing Australia
https://internetretailing.com.au/temple-webster-earnings-rocket-668-per-cent-year-to-date/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
