THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
The Hut Group first half sales surge 54%

Online retailer The Hut Group saw its revenue surge by 54.3% to £66.2 million in its first half while EBITDA grew to £4 million from £0.3 million in the same period last year.

GENERAL MERCHANDISE

The Hut Group first half sales surge 54%

In the six months to 30 June visitors to the group’s websites increased by 37.8% as it invested in technology and introduced a new system to analyse customer behaviour. In addition the group delivered 4.7 million orders, up from 3.5 million in the first half of 2011.

Following the acquisition of Lookfantastic and Myprotein in the previous 18 months, The Hut Group said it had successfully integrated its supply chains and computer systems which had resulted in "significant" synergy benefits.

Matthew Moulding, The Hut Group chief executive said: "The combination of our market positioning and constant advances in customer insight through data analytics is driving both customer and revenue growth.

"The group’s gross margin progression is very pleasing and now that we have integrated recent acquisitions and are delivering significant operating leverage, the EBITDA progression is a major highlight."

Chairman Andrew Munro added: "Management has successfully integrated two large acquisitions in the past 18 months whilst at the same time delivering substantial organic sales and earnings growth.

"The strong trading performance of the business is testament to the calibre of the management team and the strength of the business model."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing