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Published
Apr 19, 2016
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The Hut Group sees increase in FY sales and earnings

Published
Apr 19, 2016

The Hut Group, the British multiwebsite e-tailer that has websites including Zavvi, all Sole and Coggles, had a successful 2015 financial year.


The company's sales rose 35% to £334m in the period, while EBITDA increased 33% to £30m. The Hut Group said that Europe continues to be a "strong segment" and saw sales in the area increase by 47%. The rest of the world also delivered strong growth, up 49%. As a result, international sales now constitute over 50% of sales revenue, up from 46% in 2014. The Hut Group also stated that it has a notably low return rate from customers, at just 1%.

During the year, The Hut Group saw total visits to all its websites increase by 17%, and visits to its retail websites rise by 29%. Its unique customer database rose 27% to 8.2m and international visits were up 36% to 115m.

In November last year, The Hut Group completed the construction of its bespoke 1m sqft. distribution and manufacturing centre at Omega, Warrington. The company called this a "key milestone" in a project that will see a £100m investment by the group.

There has been expectations in the UK that The Hut would float on the stock market, but CEO Matthew Moulding said in February that since there is no shortage of private money available, a float isn't on the cards.

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