Singapore-based e-tailer Global Fashion Group has witnessed its second-quarter net merchandise value surge by 11.8 per cent to € 792.1 million.
The e-tailer posted revenue growth of 10.8 per cent during the period, with gross margin and EBITDA improvements.
The Group, notably, had 16.2 million active customers in the quarter, which is a fall of 4.6 per cent year-on-year (Y-o-Y).
This fall has been attributed to subdued demand and reduced levels of marketing investments.
However, the net merchandise value per active customer was up by 23.3 per cent owing to higher order frequency (up 5.6 per cent) and average order value (up 23.4 per cent).
Marketplace net merchandise value rose by 24.2 per cent Y-o-Y touching 39.4 per cent of net merchandise value.
Co-CEOs Christoph Barchewitz and Patrick Schmidt substantiated “Our marketplace share has grown to nearly 40 per cent of net merchandise value; we continue to have a large active customer base of over 16 million and in the second quarter, our customers made nearly 12 million orders.
Global Fashion Group, the Singapore-based e-tailer, is known for its apparels, shoes and fashion accessories, amongst others.
