Lockdowns spice up Temple & Webster sales after record year
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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