Online retailer Adore Beauty said sales growth accelerated to 8.1 per cent at the start of the new half, sending its shares rallying 10 per cent after an interim result boosted by more repeat shoppers.
The Australian company founded by Kate Morris and James Height, who together still control 21.67 per cent of Adore, achieved record average order value, and annual spend per customer in the half when sales rose by 7 per cent to more than $100 million.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
