70% sales growth for The Hut Group
Sales increased from £51 million to £87 million for the year with the non-entertainment product categories (fashion, footwear, sports, health and beauty, gifting, toys and accessories) delivering 600% growth during the year. Entertainment sales rose 45% compared to 2009.
Operating brands include thehut.com, Zavvi.com and iwantoneofthose.com.
Matthew Moulding, CEO of The Hut Group, said: “The growth in our product offering over the last 12 months means we start 2011 with a strong and unique proposition. While we have continued to deliver substantial growth through improvements in our entertainment offering for consumers, we now have a market leading online position and offering in hair-care, health & beauty and gifting”.
“Some 40 per cent of the group’s sales now come from these and other non-entertainment products”.
December produced the Group’s strongest ever day of trading with sales of £1.8 million for orders and in the same month dispatched 160,000 packets in 24 hours.
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