By Grace Bowden2019-10-11T00:01:00
Notonthehighstreet.com has recorded a jump in full-year operating EBITDA spurred by cost efficiencies as the business gears up for growth.
The specialist online marketplace posted an 82% surge in operating EBITDA to £3.1m in the year to March 31, spurred by cost efficiencies primarily driven by bringing the business’ digital marketing divisions in house and taking a more targeted approach to advertising spend, prioritizing more profitable customers.
The etailer’s sales were broadly flat year-on-year at £35.2m, as sales declined in the first half year-on-year against promotion-led comparables but rose in the second half.
Notonthehighstreet’s number of active customers increased 3% to 2.6 million, while post-tax losses narrowed to £1.5m from £3.1m the previous financial year.
Please sign in now if you have a subscription
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.