Twitter
Facebook
Linked In
RSS
Login or Register
New to InternetRetailing?
Register Now
Internet Retailing
You are in: > Home > Themes > Industry

This is your 1 complimentary article for this month

Become a member for unlimited and immediate access.


Register
Already a member? Log in here

Findel reports a rise in internet sales and a decline in its catalogue business

Linked InTwitterFacebookeCard
The decline of the catalogue and the rise of ecommerce is charted in a trading statement from Findel  today.

The home shopping-to-education business reported a 10.8% sales rise at its largest business, the predominantly online retailer Express Gifts, in the first half of its financial year, compared to the same time last year. Meanwhile its door-to-door catalogue business Kleeneze is seeing sales steadily decline, down by 3.4% in the 26 weeks to September 27, according to today's interim trading statement.

Findel puts the decline down to a change in catalogue timing – the Christmas catalogue is out later this year than last. But the figures seem to underline the relative inflexibility of print catalogues compared to online.

Also down were sales at multichannel Kitbag, some 6.9% below the same time last year as sports took a lower profile in the public consciousness this year than last, in the absence of the European Football Championships and the Olympics.

Overall, first-half sales at Findel were 5.2% up on last year, supported also by education supplies sales up by 8.2%.

Looking to the future, the company said in today’s statement: “Express Gifts has yet again delivered a strong performance and the education supplies division’s strengthening continues. We are therefore well positioned ahead of our important peak trading period.”
Linked InTwitterFacebookeCard
Add New Comment
LoginRegister

Become a Member

Create your own public-facing profile
Gain access to all Top500 research
Personalise your experience on IR.net
Internet Retailing
We are the magazine, portal and research source for European ecommerce and multichannel retail, hosting the board-level conversation for retailers, pureplays and brands across all of our platforms. Join the conversation.

© InternetRetailing Media

Latest Tweet

Internet Retailing
Tamebay
eDelivery
Twitter
Facebook
Linked In
Youtube
RSS
RSS
Youtube
Google
Linked In
Facebook
Twitter