Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Matchesfashion.com posts record revenue

Matchesfashion.com has reported a record 61% jump in full-year turnover to £204m, as its investments “start to deliver”.

EBITDA for the year to 31 January rocketed 458% to £19m compared to 2015.

The business said average order values increased 14% to £511 and the number of new customers increased 60% year on year.

There was strong growth in all markets, with sales up 45% in the UK and more than 80% in the rest of the world.

Sales from outside the UK now make up 80% of all online sales. During the year the website had 55 million visits.

Matches launched a 90-minute delivery service last year and moved its head office to The Shard in London, expanding its office space by 40% to 48,000 sq ft.

Tom Chapman, executive co-chairman of the firm, said: “In recent years we have focused on building the foundations – of people, operations, and technology – to enable future growth, with a focus on driving an agile business at scale.

“The results demonstrate that we are now starting to deliver the return on the investment made. In our 30th year we continue to look to the future of luxury commerce and how we can keep innovating to drive profitable growth, deepen our relationships with customers, and inspire our team.”

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.