Home / Knowledge / News / Information Technology / Spreadshirt posts €70mn record revenue in 2013
Spreadshirt posts €70mn record revenue in 2013
25
Mar '14
Spreadshirt confirmed that both revenue (10.4%) and orders (12.7%) grew globally in 2013, following a strong December. The e-commerce platform, which enables brands and consumers to create, sell and buy ideas on merchandising, achieved revenue of 71.87m Euros (£61.03m, $95.45m). 
 
Highlights: 
-71.87m Euros Revenue in 2013
-Order growth up 12.7% and Revenue grew 10.4%
-3.3m products shipped
-Over 72,000 active sellers used Spreadshirt in 2013 
-Average of 2 million people a month have visited the touch-optimised t-shirt designer
-15% of orders include a touch-screen device as part of the order process in 2013
 
These increases can be attributed to platform developments, like the touch-optimised t-shirt designer, and other features which were part of a 2m Euro platform investment. In addition, Spreadshirt benefitted from strategic use of discounting and further marketing measures such as; optimisation of the website and its channels, and new messaging following the rebranding in early 2013. 
 
Spreadshirt was also ranked 16th in the Pureplay Top 30 International e-Retailers; a joint study by OC&C and Google on the internationalisation of e-commerce, entitled The Global Retail E-mpire
 
“We truly had a year of innovation at Spreadshirt last year and we plan to continue this in 2014,” says Philip Rooke, CEO. “We introduced our own t-shirt collection and saw the successful introduction of the touch-optimised t-shirt designer. As a result, 15% of our orders now start on a touch-screen device. 
 
Although we have not seen huge growth in the UK, we have big plans for the UK market next year, which is highly competitive due to the maturity of consumers and brands. We’re planning a TV advertising campaign in the summer, recruiting more people and positioning for the long term”.
 
The USA remains Spreadshirt’s strongest and biggest single market with 15.9% revenue growth in 2013, revenue of 28.31m Euros ($37.59m). The more established market in Europe achieved 7.2% growth, to 43.56m Euros.
 
Spreadshirt’s plans for 2014 include further internationalisation to Australia, Canada and Switzerland and expanding its shipping services to additional countries. 3m Euros will be invested into the platform, to continue to improve the experience from touch-screen devices and to make it easier and quicker for brands and consumers to get their ideas on to merchandising. Spreadshirt will also be focussing on its multichannel approach, which was highly successful in 2013.
 

Spreadshirt

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Mark Paterson
Technical Absorbents Ltd

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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:
May 2017

May 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