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

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search