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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Meanwhile, its net profit fell by over 30 per cent to $8.3 The brand has also increased its promotional activity and marketing investment. About 70 per cent of what we sell is drop-ship, so there’s no inventory. Temple & Webster recorded $396 million in revenue in FY23, down from $426.3 million in the year prior.

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10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

You can lift AOV by optimizing cross-sells, upsells, discounts, and promotions around your most popular or high margin items. It is a prediction of the net profit you will gain from your relationship with a customer. Having CLV exceeding CAC means your customer relationships are profitable in the long run.