Business
Temple & Webster earnings up six-fold amid online boom – The Australian Financial Review
Australia’s largest online furniture and homewares retailer made almost twice as much profit in the December-half as it did in 2020.
Sales growth was fuelled by an increase in active customers, which rose 102 per cent to 687,000. About 207,000 new customers shopped on the site since the end of June as brand awareness was boosted by a national TV advertising campaign.
Customers shopped more often and put more in their trolleys, with revenue per customer rising 6 per cent to $401, but conversion rates dropped since the September quarter.
Fixed costs fell to 7.5 per cent of sales from 11.6 per cent a year ago, however the full cost…
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