Amid all the downgrades, closures and job losses a good news story from retailing - online furniture and homewares retailer, Temple and Webster has seen its shares surge after reporting a strong result for the half-year period despite those concerns of a weak Christmas period.
Online furniture retailer Temple & Webster continues to edge away from oblivion and towards a first-ever profit. The company yesterday reported a 40% increase in revenue for the six months to December to $49.3 million.
Online furniture and homewares retailer Temple & Webster has dramatically reduced its half-year loss and forecast a return to full-year profit in 2018-19, proving there is life after at least two near death experiences in 2016 and 2017.
Online homewares retailer Temple & Webster seems to have survived its near death experience last year, reporting a smaller loss for the year to June and maintaining earlier forecasts of making its first profit in 2019.