Home / Knowledge / News / Apparel/Garments / Global revenues grow 43% at Spreadshirt in 2011
Global revenues grow 43% at Spreadshirt in 2011
03
Apr '12
Spreadshirt, the global, clothing-commerce platform, experienced profitable growth across all business units in 2011 with 43% revenue growth year-on-year. Revenue is anticipated to reach EUR 64m in 2012 and a second North American factory will open in Las Vegas.

Philip Rooke, CEO at Spreadshirt explains, “The Spreadshirt platform is an exciting concept that changes the clothing market for consumers and businesses. Our 2011 figures reflect the increasing success of our role in e-commerce and customisation. Consumer involvement in content creation and the impact of gamification, means consumers now expect high levels of participation and response from brands. Our easy-to-use technology makes Spreadshirt well-placed to capitalise on these trends through 2012, especially in the UK”.

Spreadshirt's UK growth has exceeded the rate outlined by the Boston Consulting Group in a recent report entitled the $4.2 Trillion Opportunity: The Internet Economy in the G-20. It puts the UK's internet economy growth rate at 10.9% and predicts that by 2016 it will grow to £255 billion, when BCG also expects to see 3 billion internet users globally—almost half the world's population.

Spreadshirt expects to expand into countries such as Brazil and Turkey in 2012. According to the Boston Consulting Group's report, developing G-20 countries have 800 million internet users, more than all the developed G-20 countries combined.

Spreadshirt


Must ReadView All

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search