Showroomprivé posts FY19 revenues to €616 million

Showroomprivé, a leading European online retailer specialising in fashion, posted its net revenues declined 8.4 per cent in fiscal 2019 ended on December 31, 2019 to €615.6 million compared to $672.2 million in prior fiscal. Gross margin in the year fell 23.1 per cent to €187.5 million (FY19: €243.8 million). Net results reported loss of €70.5 million.

 

Showroomprivé, a leading European online retailer specialising in fashion, posted its net revenues declined 8.4 per cent in fiscal 2019 ended on December 31, 2019 to €615.6 million compared to $672.2 million in prior fiscal. Gross margin in the year fell 23.1 per cent to €187.5 million (FY19: €243.8 million). Net results reported loss of €70.5 million.#

“2019 has been a difficult year and an intense one too. It was instrumental in shaping our group for the coming years. After several years of strong growth, we had to make significant changes to the way the group works - especially its purchasing model - to adapt to market changes,” Showroomprivé co-founders and co-CEOs Thierry Petit and David Dayan, said in a press release.

 

Showroomprivé, a leading European online retailer specialising in fashion, posted its net revenues declined 8.4 per cent in fiscal 2019 ended on December 31, 2019 to €615.6 million compared to $672.2 million in prior fiscal. Gross margin in the year fell 23.1 per cent to €187.5 million (FY19: €243.8 million). Net results reported loss of €70.5 million.#

In retail, internet sales were 7.2 per cent down in France to €506.8 million over the year. Worldwide, revenues were down 11.9 per cent to €99.0 million. Other revenues, including non-internet sales were down 28.8 per cent to €9.8 million over the year.

 

Showroomprivé, a leading European online retailer specialising in fashion, posted its net revenues declined 8.4 per cent in fiscal 2019 ended on December 31, 2019 to €615.6 million compared to $672.2 million in prior fiscal. Gross margin in the year fell 23.1 per cent to €187.5 million (FY19: €243.8 million). Net results reported loss of €70.5 million.#

“Our priority in 2020 will be to continue on this path to improved profitability by pursuing our optimisation actions with considerable potential identified in logistics management and inventory-streamlining, Petit and Dayan said. 

 

Showroomprivé, a leading European online retailer specialising in fashion, posted its net revenues declined 8.4 per cent in fiscal 2019 ended on December 31, 2019 to €615.6 million compared to $672.2 million in prior fiscal. Gross margin in the year fell 23.1 per cent to €187.5 million (FY19: €243.8 million). Net results reported loss of €70.5 million.#

One of our challenges will also be to make our internet business more stable, though this online business will still be in decline in the first half of this year. The commercial team will be strengthened, actions taken in regard to brands and new offers, will help us reach this goal, especially given that our customer base again proved resilient in 2019.”