Online retailer MyDeal.com.au (ASX: MYD) rode the e-commerce wave with precision in FY21, reporting today in a trading update that sales more than doubled during the period to hit a record $218.1 million.
The company says the 111.1 per cent rise in gross sales was driven by continued growth in active customers which reached a new record of 894,225 at 30 June 2021, growing in excess of 83.1 per cent on the prior year.
The company's private label sales also made a strong contribution to gross sales of $8.8 million during the division's first year.
"We have placed ourselves in an enviable position to harness the increased demand and ongoing transition to e-commerce, with active customers now exceeding 894,000," MyDeal.com.au CEO and founder Sean Senvirtne said.
"Growing the active customer base signifies the trust consumers have placed in our products, brands and shopping experience.
"We remain focussed on building and augmenting our proprietary technology platform which is proving to be a core scalable asset of the business, and have invested in securing high calibre talent across all teams. The future of MyDeal is brighter than ever."
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