
Flash sales specialist MySale Group said its “financial performance improved significantly” in the year to June 30 with online revenue up 10% to A$240 million, driven by the growing active customer base.
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Flash sales specialist MySale Group said its “financial performance improved significantly” in the year to June 30 with online revenue up 10% to A$240 million, driven by the growing active customer base.
Flash sales specialist MySale should have brought a smile to the face of Sir Philip Green on Wednesday. A day after he paid £363m into the BHS pension fund, Green's investment in the e-tailer appeared to be paying off.
Flash sales e-tailer MySale Group had a storming first half as the six months to December 31 and said that its product offer will be boosted as it forged a deal with Gilt.com. Online revenue rose 18% to A$126.5m in H1.
Underlying EBITDA was up to A$1.5 million in the first six months of FY 2016, a significant $12.9 million improvement from the prior year’s period, when it recorded losses of A$11.4 million.
Australian e-tailer MySale has announced the acquisition of e-tail sites 'OO.com.au’; ‘dealsdirect.com.au’; and ‘topbuy.com.au' fromGrayseCommerceGroup Limited.
Aussie e-tailer MySale's revenue rose by 5% to A$235.9m in the year to June 30. The company returned to profitability in the second half.
"If you don't want to play, we'll come to your country and smash you to bits," Mike Ashley, the billionaire founder of British retailer Sports Direct said earlier this year.
In the first half of its fiscal year, Sports Direct International recorded a 6.5% sales increase, which continued to be driven by its network of sports stores.
Britain's biggest sporting goods retailer Sports Direct said on Monday it plans to launch in Australia and New Zealand via an online joint venture and a small number of stores.
In preparation for its launch in the UK, the Australian online retailer MySale has purchased the British flash sales site Cocosa.