reports record revenue and customer growth in first quarter Shoes.com
Shoes.com on Friday announced impressive numbers for its first quarter ended March 31, 2015.
Gross revenue increased 89 percent year over year to $60 million, while gross profit margins remained strong at 44.5 percent and returning customers in Canada increased 1600 percent year over year.
Site visits in Canada and the US increased 149 percent and 34 percent respectively year over year.
Repeat customers were up 86 percent year over year while repeat revenue from repeat customers was up 129 percent year over year.
The company also added more than 60 new brands for a total of over 500 brands across all sites and established a new 150,000 square foot fulfilment center.
Finally, it significantly strengthened its executive team in Q1 with the addition of Scott Julian as Senior Director of Merchandising, formerly of Zappos; Elsa D'Andrea as Director of Style and Care, formerly of Lululemon; Geoff Henshaw as Vice President of Brand and Retail Strategy, formerly of Coastal Contacts; and Tim Vipond as Vice President of Corporate Finance, formerly of Goldcorp.
"We're thrilled with the strong start to 2015 and significant growth across all key performance indicators," said Roger Hardy, CEO of Shoes.com. "We've accomplished a lot since combining Shoeme.ca, OnlineShoes.com and Shoes.Com only 9 months ago and we've already seen enormous increases in new and returning customers to our sites."
Earlier this month, Shoes.com announced that it has added Adidas and Under Armour to its online selection in an effort to continue to provide its customers with access to more athletic and outdoor footwear, clothing and accessories.
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