Temple and Webster earnings surge 500% during coronavirus lockdown – NEWS.com.au

Online furniture retailer Temple and Webster has completed a remarkable transformation from haemorrhaging cash to today reporting an earnings surge of nearly 500 per cent due to the reliance for consumers to shop on the web during the coronavirus lockdown.Just three years ago, the online-only business had revealed a loss of $44.4 million but its fortunes were beginning to turn by the end of last year when it reported a 50 per cent jump in revenue over a six-month period.
The company has long ba…

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