Temple & Webster Group Ltd
Temple & Webster Group Ltd is an Australia-based pure play online retailer of furniture and homewares.
The business
Temple & Webster Group Ltd is an Australia-based pure play online retailer of furniture and homewares. The Company has over 200,000 products on sale from hundreds of suppliers. The Company runs a drop-shipping model whereby products are sent directly to customers by suppliers, enabling faster delivery times and reducing the need to hold inventory, allowing for a larger product range. The drop ship range is complemented by a private label range which is sourced directly by the Company from overseas suppliers. It operates in one segment being the sale of furniture, homewares, and home improvement products through its online platforms. Its Trade & Commercial division services the business-to-business (B2B) market, offering exclusive product ranges, procurement, styling, specialized delivery and installation services through a dedicated support team. It also offers a range of home improvement products that customers need to renovate and redecorate their homes.
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Latest news
Temple & Webster defies market downturn with record $498m revenue
Despite economic headwinds, online homewares and furniture retailer Temple & Webster (ASX: TPW) has reported record revenue of $498 million for the 12 months to 30 June. The figure represents a 26% year-on-year growth driven by a record customer base of 1.1 million (up 31% on the previous period), with repeat customers accounting for 57% […]
ASX-listed online retailers were not all created equal
Ongoing lockdowns as a result of the global pandemic may be a boon to online commerce, but don’t presume the unprecedented tide of spending on the part of captive shoppers has lifted all of the ASX-listed ‘boats’. In reality, performance has been varied and it remains to be seen how the sector fares in the […]
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