Indochino 2022 revenue jumps 40% year-over-year

Vancouver-based made-to-measure brand Indochino announced on Thursday 2022 as a record breaking year of growth, achieving a seven-figure positive EBITDA, and increasing year-over-year net revenue by 40%.

Indochino 2022 revenue jumps 40% year-over-year. – Indochino

In 2022, Indochino reached its one millionth suit sold and expanded its collection into womenswear, streamlining the measurement and fitting process for customers of all genders. The company also continued physical retail expansion, with the opening of nine new showroom locations and eight locations in partnership with Nordstrom.

Net orders in physical retail locations also grew by over 50%, while e-commerce saw a double digit order growth. This was also supported by the brand’s record breaking Black Friday weekend results. 

Other key milestones include the company’s wedding business, which posted its best year yet, and securing notable partnerships with NBA players, and expanding its presence in the NFL. 

“Smart growth and innovation are core to Indochino’s DNA, and 2022 was an exceptional year for the business in both of these regards. Our focus on profitability and operating efficiency, while simultaneously investing in an industry-leading omnichannel customer experience, has put the business in a strong position for continued success,” said Drew Green, CEO. 

“We look forward to continuing this momentum into 2023, as we debut our Spring collection and look to build upon the success of womenswear with a full omnichannel launch.”

Indochino, which first launched in 2007 as an online retailer, currently operates over 80 locations across North America.

Copyright © 2023 All rights reserved.

Credit: Source link






Nicola Peltz Wears A Victoria Beckham Dress To PFW Show: Photos – Hollywood Life

View gallery It’s about time! The wife of Brooklyn Beckham, actress Nicola Peltz, finally dressed in a design by her mother-in-law Victoria Beckham after...

Taylor Swift Is Dropping Four Unreleased Songs To Kick Off The Eras Tour

Celebrations for Taylor Swift's "The Eras Tour" have started, with Glendale, Arizona, the first stop of the whole tour, temporarily renaming their city...

Bradley Cooper, According To Olivia Wilde, Was A Big Advocate For Her Self-Directed Career

While she was directing and acting in Don't Worry Darling, Olivia Wilde ...

Paige O’Brien, The Spouse Of Josh Peck, Gave Birth To Their Second Child

Paige O'Brien, who is married to Josh Peck, has delivered the couple's second son,...

Kendall Jenner surprised fans with her skirt look

When Kendall Jenner stepped out in a pale beige skirt suit to...
en English