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Lockdowns spice up Temple & Webster sales after record year

Sue Mitchell
Sue MitchellColumnist

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Key Points

  • EBITDA up 141pc to $20.5m from year-earlier $8.5m
  • Revenue up 85pc to 326.3m from year-earlier 176.4m 

Sales at online retailer Temple & Webster spiked in July amid fresh demand for fitness equipment and office furniture from consumers forced to work from home during the latest lockdowns.

The online retailer is a major beneficiary of the coronavirus pandemic, which triggered a cocooning trend and accelerated the shift in spending from bricks and mortar stores to e-commerce, and is one of several major retailers, including JB Hi-Fi, Harvey Norman and Super Retail Group, that have profited from the “lockdown lifestyle”.

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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

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    Original URL: https://www.afr.com/companies/retail/temple-and-webster-earnings-soar-141pc-20210727-p58d7u