Feelunique's profits makeover
Sunday 17 April 2011
Europe's largest online beauty products retailer, Feelunique, will reveal a 50 per cent rise in 2010-11 turnover this week.
Feelunique, which is based in Jersey and sells branded beauty products online, saw turnover rise from £11m to £16.1m, while its earnings grew from £600,000 to £985,000 – a 64 per cent increase for the year to the end of March.
It is the latest online retailer to report stellar results in the face of poor high-street trading. The company, which sells 13,000 products, predicts its turnover will rise to about £25m over the next 12 months.
Online retailers achieved their strongest quarter in three years in the first three months of 2011 according to the IMRG Capgemini e-Retail Sales Index – up 14 per cent year on year as shoppers spent £5.1bn online.
ASOS, an online fashion retailer, reported a 63 per cent increase in fourth-quarter sales.
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