Secretsales reports strong revenue growth in Q4 and FY14

Flash sales platform, Secretsales.com in its trading update for the fourth quarter and the year ended December 31, 2014 said that the company witnessed a strong end to the year with fourth quarter revenue growth of 43 percent year-on-year.

Full year gross receipts went up 37 percent and full year revenues increased 40 percent to 25.4 million pounds (38.3 million dollars). The company also successfully launched its EU delivery in September and strengthened its brand portfolio with leading brands including Vivienne Westwood, Converse, Theo Fennel, Beats by Dr Dre and Stella McCartney lingerie signed in the second half of the fiscal year.

Commenting on the positive financial year, Nish Kukadia, CEO of Secretsales.com, said, “We have had a great finish to the financial year with strong sales growth and a move into profitability in the fourth quarter. Our success in what remains a challenging retail environment is testament to our innovative business model, which is structured to offer great deals for our customers and a discreet, complimentary and highly effective distribution channel for leading brands.”