87 176
Fashion Jobs
SPECIALIZED
Brand Development Manager - Michigan
Permanent · LANSING
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
NEIMAN MARCUS
Sales Professional, Beauty
Permanent · NEW YORK
TIFFANY & CO
Manager, HR Business Partner
Permanent · NEW YORK
URBN
Security Officer (Monday-Thursday; Overnight Shift)
Permanent · LEVITTOWN
AMERICAN EAGLE OUTFITTERS
ae - Market Visual Leader - us
Permanent · MCLEAN
CROCS
Supervisor, Distribution Center - 1st Shift
Permanent · LAS VEGAS
NEWELL
Associate Brand Manager, Coleman
Permanent · ATLANTA
Published
Feb 29, 2016
Download
Download the article
Print
Text size

Surfstitch records 40% sales rise in latest six-monthly results

Published
Feb 29, 2016

In just a few months Surfstitch has become a highly popular player in the online distribution of board sports brands. Its portfolio consists of the Surfstitch, Swell and Surfdome websites, as well as Magicseaweed and Stab.

Is Surfstitch cruising towards a revenue of AUD1 billion? - Surfstitch


The Australian group is listed on the Sydney Stock Exchange and reported a 40% rise in pro-forma sales in the first six months of its 2015-16 fiscal year, ending 31st December. Sales have reached AUD145 million (€94.5 million). EBITDA was AUD13.9 million, a positive result in like-for-like terms.

In terms of regions, Surfstitch's North American operations generated AUD24.1 million, equivalent to a 63% rise, featuring the best gross margin result. In Europe, the group generated sales for AUD65 million, a 39% rise, while in Asia-Pacific it grew 32%, to AUD55.8 million.

For 2016, Surfstitch will rely on a business model combining strong thematic content and several e-commerce platforms. After recording a revenue of AUD199 million in the 2015 fiscal year, the group is targeting a revenue of AUD1 billion within five years. The strategy is reliant on expansion in all of the group's markets, chiefly in North America but in regions such as Asia and South America too.

For its 2016 fiscal year, Surfstitch is aiming for double-digit growth and improved profitability.

Copyright © 2024 FashionNetwork.com All rights reserved.