NewsBite

Mydeal.com.au dips into red despite sales surge

Sue Mitchell
Sue MitchellColumnist
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

  • Revenue ($m) 21.2, up from year-earlier 6.1
  • Pretax profit ($m) -1.8 v 0.2
  • Net profit ($m) -2.3 v 0.8
  • No interim dividend 

Mydeal.com.au founder Sean Senvirtne says consumers will continue to shop online for furniture and homewares even as COVID-19 restrictions ease, vaccines are rolled out and life returns to normal.

The online homewares marketplace, which is taking on Temple & Webster and Kogan.com’s Matt Blatt, gained almost 550,000 new customers during the pandemic and Mr Senvirtne expects most of them to continue shopping on the site.

Loading...
Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Retail

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/retail/mydeal-com-au-dips-into-red-despite-sales-surge-20210223-p574xu