Home / Knowledge / News / Retail / Showroomprivé H1 FY20 sales grow to €303 mn

Showroomprivé H1 FY20 sales grow to €303 mn

28
Jul '20
Pic: Showroomprivé
Pic: Showroomprivé
Showroomprivé, an European online retailer specialising in fashion for the Digital Woman, reported slight increase in its sales to €302.7 million in first half (H1) FY20 ended on June 30, 2020 compared to sales of €302.0 million in same period last year. Sales in the second quarter were up 19 per cent making up for the 20 per cent decline in Q1 FY20.
 
“Our first-half results have exceeded our initial expectations. We were able to step up our recovery in the second quarter thanks to a healthy combination of internal and external factors. While we undeniably benefited from a consumer shift towards e-commerce during the health crisis, we were also able to capitalise on a renewed and more attractive offering, thanks to business initiatives set up with our partner brands,” Showroomprivé co-founders and co-CEOs Thierry Petit and David Dayan, said in a press release.
 
Gross margin for the period jumped to €112.4 million (H1 FY19: €88.7 million). EBITDA during H1 FY20 were €7.0 million compared to loss of €23.2 million. First half net loss reduced by nearly €35 million to €6.6 million. Operating loss were €5.3 million (€43.8 million).
 
Online sales in France for H1 FY20 were up 2.5 per cent to €255.1 million (€248.8 million). International sales however dropped 7.4 per cent to €45.4 million ($49.0 million). 
 
“All indicators are gradually turning green. However, we remain vigilant given the current environment, and aim to continue along the trajectory we’ve been following for the past few months,” Petit and Dayan said.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jun 2021

Bangladesh can save $500 mn annually by recycling cotton waste: CFP

Bangladesh's garment industry can reduce its annual spending by $0.5...

Pic: Shutterstock

Textiles | On 18th Jun 2021

Prime Content| Caprolactam price in Chinese market to rise moderately in 2021: TexPro

Price of caprolactam in the China market is expected to rise...

Pic: Neiman Marcus

Information Technology | On 18th Jun 2021

American department store chain Neiman Marcus to acquire Stylyze

American department store chain Neiman Marcus has announced its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under our own supervision

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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

Leave your Comments


June 2021

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


Advanced Search