Temple & Webster has recorded a half to date revenue increase of 18 per cent compared to the same period last year.
The online retailer for homewares and furniture’s revenue was up 23 per cent in the second quarter while home improvement continues to outperform, with half to date revenue up 42 per cent.
Temple & Webster CEO, Mark Coulter, says the focus this half has been on getting the right products, price points and promotions to drive engagement and conversion, a strategy which is clearly resonating with its customers.
“Once again, Temple & Webster bucks the trend to grow strongly and take market share,” he says.
“This is in the face of ongoing cost-of-living pressures, cyclone Alfred, a federal election and broader global uncertainty.”
While the (impact of) US tariffs have dominated the media and conversations everywhere, Coulter adds that to date, the US-China tariff war has been a net positive for the business, most directly felt through lower inbound shipping rates (forward rates down 20 per cent).
“If these deflationary effects continue, combined with some of the macro tailwinds we are seeing (such as reducing interest rates and stimulatory Australian government policies around housing), we should see market conditions improve further.”
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