Already have an account? Sign in.

 Remember Me | Forgot Your Password?

SecretSales.com Posts Strong Revenue Growth In 2015; Readies For Future Growth

March 22, 2016: 12:00 AM EST
Online discount seller SecretSales.com reported revenue grew 20 percent to £47 million in gross sales for 2015. Established in 2007 by brothers Nish and Sach Kukadia, the company partners with high street brands to sell out-of-season stock online without devaluing the brands. SecretSales convinces brands to sell their excess stock at discount rates ranging from 30 percent to 70 percent, and offering deals to it’s the website’s 4.5 million members. By establishing new partnerships with brands, such as Dyson and Bose, SecretSales was able to increase sales of gadgets by 177 percent in one year. Also, the company secured new investment in 2012 to expand membership.
Rebecca Burn-Callander, "The brothers behind SecretSales.com have a £3bn market in their sights", The Telegraph, March 22, 2016, © Telegraph Media Group Limited
Domains
E-TAIL360
Business Models
Companies
Themes
Channels
Digital Marketing
Logistics & Fulfilment
Pricing
Geographies
Worldwide
EMEA
Europe
United Kingdom
Categories
Companies, Organizations
Market News
Marketing & Advertising
Developed by Yuri Ingultsov Software Lab.