Spreadshirt sees investment rewarded: revenue +18%
Spreadshirt has seen its revenue increase by 18 percent during 2015. According to the German company, the investment in its ecommerce platform is rewarded. Total revenue was worth 85 million euros last year, due to nearly 2 million orders.
Spreadshirt is an online platform where people can buy, sell and create ideas on clothing and accessories. It works in two ways: creative minds can sell their own designs via Spreadshirt, while consumers can shop for unique items.
11% more items shipped
Last year, sales increased by 18 percent to reach 85 million euros. This was due two nearly 2 million orders and shipping over 3.6 million items to 180 different countries. The average basket size went up as global orders increased by 7.5 percent and last year nearly 11 percent more items were shipped than in 2014.
Spreadshirt invested in making it easier to use the website via a mobile device and it paid off: over 40 percent of the 5.4 million visitors Spreadshirt has each month, came via smartphones and tablets. “The healthy growth we have achieved in 2015 is a direct result of our investment in ideas and technology”, says CEO Philip Rooke. “We are now in a strong position for 2016, which is going to be a year of simplification. We want to make it ever easier to buy and sell ideas on our platform. This is all part of our growth strategy as we become a billion dollar, game-changing business.”
Changes are coming for Spreadshirt’s partners
For this year, the company wants to change some things for its partners. It wants to make it more rewarding for them to sell their ideas on the platform, while a new partner administration area is in the pipeline. Furthermore, Spreadshirt will revise the commission model and enable faster payments for partners.
Spreadshirt was founded in Germany in 2001. Its headquarters is in Leipzig, but the company has several branch offices across Europe and the United States. In Europe, Spreadshirt is active in 15 countries.