Matchesfashion.com's annual sales and profit soar

Matchesfashion.com, the business, which is celebrating its 30th anniversary, has posted 61 percent jump in sales to 204 million pounds (253 million dollars) at the year ending January 31, 2016, says a Retail Week report. The company’s EBITDA zoomed five-fold to reach 19 million pounds (23.5 million dollars).

The report added that the company’s both domestic as well as international markets contributed to the strong sales results. While the UK posted growth of over 45 percent, rest of the world sales rose 80 percent. Average order value also grew 14 percent to 511 pounds (634 dollars), and the company witnessed a 60 percent jump in its number of new customers.

Founded by Ruth and Tom Chapman, the etailer now delivers to over 170 countries worldwide. It also operates five boutiques across London, and a townhouse in Marylebone where it caters to its exclusive VIP clients.

Picture:Matchesfashion website

 

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