AuMake doubles sales, anticipates breaking even

An expanded store network and increased sales of own brand goods have helped AuMake to double sales and nearly triple gross profit in fiscal 2018.

The listed daigou company lifted sales 107 per cent to $21.4 million and grew gross profit 172 per cent to $3.1 million in the year. It also saw significant sales of own brand products, which now represent 4 per cent of annual sales.

The company, which connects Australian suppliers directly with daigou, said it expects to break even operationally in the FY19.

More to come.

Comments

Comment Manually

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading...

Inside Retail Polls

Myer's new chief executive
Is John King the right CEO to lead Myer's turnaround?

Twitter

What does customer experience best practice mean to Heather McIlvaine - one of the Retailer Awards 2019 judges? Wat… https://t.co/SjeKOa9t04

6 hours ago

H&M’s second-largest brand, COS, opens its first Queensland store at the Wintergarden shopping centre in Brisbane. https://t.co/ai2QRW7Ufh

9 hours ago

The new 68,000 sqm distribution centre will replace the current DC in Kidman Park upon completion in mid-2020. https://t.co/tftcd3MJZ9

12 hours ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered