Made.com’s losses widened despite posting record full-year sales bolstered by international expansion and redevelopment of its flagship London showroom.
The furniture retailer reported a loss before tax of £5.7m in 2018 up from a loss of £4.9m the previous year with a 45.6% increase in distribution costs the main contributing factor.
Despite this, the specialist retailer recorded a 37% increase in sales to £173.4m in 2018 compared with sales of £127m the previous year.
Adjusted EBITDA loss decreased to £0.4m during the period, down from a loss of £2.2m to 2017.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.