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The rapid growth of Internet members-only lifestyle retailer Westwing continued in the first six months of 2014.


The flash sales business — like furniture retailer Home24 backed by Swedish investment firm Kinnevik — posted revenue of €76m and said half year total orders climbed 51 per cent to €85m.


Its high sales growth and gross margin rising 260 basis points to 43 per cent* wasn’t enough to stem its losses, with Westwing returning an EBITDA deficit of €26.9m, which compares with €46.4m over the full 12 months of 2013.


Westwing specialises in short-term discount driven sales — available only to free-registered members on its website — and trades from around a dozen countries, including Italy where it is known as Dalani Home & Living.


* comparison with FY 2013