Matchesfashion.com posts record £204m revenues
Matchesfashion.com, the global luxury shopping destination for men and women has announced record revenues of £204 million for the year ending 31 January 2017 representing 61% year on year growth. Total online sales grew by 73% during the period and non-UK sales now make up 80% of total online revenues.
The last year has seen Matchesfashion.com successfully launch the industry’s first on demand 90 minute delivery service in London and move its own headquarters to The Shard, London.
Tom Chapman, Executive Co-Chairman said: “In recent years we have focused on building the foundations – of people, operations and technology – to enable future growth, with a focus on driving an agile business at scale. The results to January 2017 demonstrate that we are now starting to deliver the return on the investment made. In our 30th year we continue to look to the future of luxury commerce and how we can keep innovating to drive profitable growth, deepen our relationships with customers and inspire our team.”
Ulric Jerome, CEO said: “2016 has been a year of impressive delivery. In addition to recording strong growth across all metrics we launched 165 tech products on the back of the strength of our hybrid API enabled platform, released an IOS and Android App which helped us to now reach 50% of our online business on mobile, curated 35 global events, and moved the business into new 48,000 sq ft headquarters.”