Furniture etailer Made.com’s full-year UK revenue hit £100m for the first time in what boss Philippe Chainieux heralded as “a strong year”.
The online retailer posted a 37% uplift in full-year revenue to £173m in 2018, bolstered by a 34% increase in UK revenue, which accounted for 58% of overall sales.
The retailer’s jump in UK sales comes after a 29% increase in 2017.
Made’s international revenue rose 40% during the period to £73m following the business’ launch in Spain last October.
The online retailer currently operates in nine European markets and plans to launch in Portugal, Italy, Denmark and Sweden this year.
The etailer is unveiling its upgraded London showroom this month after trebling the size of the flagship to 1,100 square metres.
Made also plans to open a showroom in every country which it operates in starting with the launch of a flagship in Hamburg, Germany.
Chief executive Philippe Chainieux said: “We had a strong year in 2018, at a time when the retail sector is going through unprecedented change.
“Over the past 18 months, we have seen an accelerating trend towards customers shopping online for big ticket items, such as beds and sofas. This is being driven by a massive shift in consumer behaviour and the rise of the digital generation. This is the future of retail and Made.com plans to be at its forefront.”
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