News & Press: Power Retail News

Temple & Webster CEO Predicts Growth, Shares FY19 Plans

Tuesday, 27 November 2018  
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It’s been a good year for Temple & Webster, with the company improving its gross margins by 44.2 percent, up from 42.7 percent in 2017, while year-to-date trading to November 22 is up 39 percent year-on-year. As the company continues to lay the groundwork for a bright future, Coulter says the business remains confident that FY19 will be the company’s first full year of profit.

According to Coulter, the current housing downturn that’s impacting the rest of the furniture and homewares industry will likely have little effect on Temple & Webster, as the business’s online model will continue to capture the attention of savvy online shoppers. Read more...