Temple & Webster’s Half Year Result 9 Feb 22: Shopping spree as Covid lingers

Online furniture and homewares retailer Temple & Webster (TPW) posted a 46% lift in sales between July and December 2021, as the number of active customers expanded to 906,000. TPW has been faced with supply chain challenges, with distribution costs lifting and temporary closures impacting some of the 100 odd factories it works with across the region. It has increased marketing spend over the half. As expected by the market, no dividend was declared by the retailer. Over the past five weeks, sales have jumped by 26% .

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