Spreadshirt’s 2011 Revenue Growth Up 43% Globally & 20% in UK
Clothing-commerce platform exceeds UK internet economy growth rate
- 43% year-on-year revenue growth globally; 26% in Europe, 109% in North America
- Global revenue up from €32.0m in 2010 to €45.8m in 2011
- European revenue up from €24.9m in 2010 to €32.3m in 2011
- UK market revenue grows 20%
- Second North American factory to open in Las Vegas
- Surpasses UK internet economy growth rate, put at 10.9% (Boston Consulting Group)
London, 29 March 2012, Spreadshirt (www.spreadshirt.co.uk), the global, clothing-commerce platform, experienced profitable growth across all business units in 2011 with 43% revenue growth year-on-year. Revenue is anticipated to reach EUR 64m in 2012 and a second North American factory will open in Las Vegas.
Philip Rooke, CEO at Spreadshirt explains, “The Spreadshirt platform is an exciting concept that changes the clothing market for consumers and businesses. Our 2011 figures reflect the increasing success of our role in e-commerce and customisation. Consumer involvement in content creation and the impact of gamification, means consumers now expect high levels of participation and response from brands. Our easy-to-use technology makes Spreadshirt well-placed to capitalise on these trends through 2012, especially in the UK”.
Spreadshirt’s UK growth has exceeded the rate outlined by the Boston Consulting Group in a recent report entitled The $4.2 Trillion Opportunity: The Internet Economy in the G-20. It puts the UK's internet economy growth rate at 10.9% and predicts that by 2016 it will grow to £255 billion, when BCG also expects to see 3 billion internet users globally—almost half the world’s population.
Spreadshirt expects to expand into countries such as Brazil and Turkey in 2012. According to the Boston Consulting Group’s report, developing G-20 countries have 800 million internet users, more than all the developed G-20 countries combined.
Notes to Editors
Spreadshirt 2011 At A Glance
Revenue Growth
2010 Global Revenue 32.0m Euros
2011 Global Revenue 45.8m Euros
26% year-on-year growth in Europe
2010 EU Revenue 24.89m Euros
2011 EU Revenue 31.3m Euros
109% year-on-year growth in North America
2010 NA revenue $9.5m
2011 NA revenue $19.9m
Main European Markets
Germany : 30%. UK: 20%. France: 39%. Scandinavia: 5%
Additional BCG report information available at:
Boston Consulting Group website https://www.bcgperspectives.com/content/articles/media_entertainment_strategic_planning_4_2_trillion_opportunity_internet_economy_g20/
Wall Street Journal http://online.wsj.com/article/SB10001424052702304636404577289513278660908.html?KEYWORDS=Ben+Rooney
About Spreadshirt
Spreadshirt is the leading multi-channel clothing commerce platform for creating, buying and selling personalised apparel. For the more than 40,000 active online shops selling around the world in 2011, the Spreadshirt c-commerce platform offers a flexible, risk-free, print-on-demand approach. Spreadshirt’s fulfilment service handles everything from production and payment to shipping and customer service.
The platform provides multiple channels to bring customers’ ideas to life on clothing. These channels include 3rd party e-commerce marketplaces like Amazon, white label and social media shops, and countless other applications using Spreadshirt’s API.
Founded in 2002 in Leipzig Germany, Spreadshirt is a global company with Headquarters in Germany and the United States and factories in North America, Germany and Poland to allow rapid delivery to customers.
For more information about Spreadshirt, please contact PR Savvy
Mayra Cunningham / mayra.cunningham@prsavvy.co.uk / 078 2525 1615
Kate Warwick / kate.warwick@prsavvy.co.uk / 078 1069 7282
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