OTS - Successful first-half of 2019 for digital DIY platform fabfab
2019. August 27. 13:07
Schenefeld, 27 August, 2019 (APA/OTS) - Europe's leading digital
do-it-yourself platform is growing at double-digit rates and
continues to gain market share - Growing in all European core
markets Significant increase in profit margin - Team expansion by
ten percent
fabfab, Europe's leading company in the do-it-yourself online
market, recorded double-digit sales growth in the first half of
2019. With an international revenue share of more than 50 percent,
fabfab is growing in all European core markets. Essential for the
growth of the DIY platform is the ever increasing customer loyalty
paired with continued strong new customer growth. CEO Dr. Andreas
Seifert comments: "Satisfying our customers and retaining them
long-term is clearly our core objective - we have numerous
initiatives ongoing to get better at this every day, and we
continue to see great potential in this area going forward. We are
very grateful that our efforts have already been rewarded so much
by the DIY community."
Thanks to economies of scale and process optimization, fabfab
was also able to significantly increase its operating profit margin
compared to the previous year. At the same time, the company has
already created numerous new jobs in 2019, above all in the
technological and customer-oriented areas: the team grew by more
than ten percent. fabfab continues to invest significantly in the
areas of customer experience and digitization, both internally and
along the entire value chain. Dr. Andreas Seifert: "The
transformation from classical e-commerce to a mobile platform for
crafters has been completed. Now we focus on optimizing the
customer experience and inspiring our community."
About fabfab GmbH
fabfab is Europe's leading company in the do-it-yourself online
market. In addition to the German-language creative platform
stoffe.de, the company is present in the United Kingdom, Sweden,
France, Italy, the Netherlands, Finland, Denmark, Spain, the Czech
Republic, Poland and Portugal and exports to more than 50 countries
worldwide. The range includes more than 10,000 (often exclusive)
fabrics for fashion, children's wear and decoration, complemented
by a wide selection of sewing accessories, wool and other DIY
supplies. In addition, the creative platforms offer inspirational
content on various topics and trends, well-founded specialist
knowledge and expert tips, as well as numerous free sewing
instructions. The company employs about 200 people from 14 nations
and is based close to Hamburg, Germany.
If you no longer wish to receive press information about fabfab
/ myfabrics.co.uk in the future, please send an e-mail with the
subject "fabfab" to presse@hoschke.de.
Press Contact
HOSCHKE & CONSORTEN Public Relations GmbH
Christina Sattler
phone: +49 40 36 90 50-83
e-mail: c.sattler@hoschke.de
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