THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Fruugo posts strong revenue growth as it appoints two new non-executive directors

Online marketplace Fruugo has said it put in a record Black Friday and Christmas performance which resulted in its fourth quarter revenue climbing by over 70%… View Article

GENERAL MERCHANDISE NEWS

Fruugo posts strong revenue growth as it appoints two new non-executive directors

Online marketplace Fruugo has said it put in a record Black Friday and Christmas performance which resulted in its fourth quarter revenue climbing by over 70% year-on-year and by 280% on a two-year basis.

As a result, its full year revenue has increased by over 50% on the previous year and by over 200% versus two years ago.

Dominic Allonby, executive chairman of Fruugo, said: “We are delighted to report that our very strong growth momentum has continued through Q4, capping off a tremendous year of continued transformational growth and strategic progress for Fruugo.”

The company attributed the performance to a 59% year-on-year increase in the number of retailers using the platform and a 60% uplift in shoppers buying through the site from around the world. During the year, more than 91% of completed transactions were cross-border.

Fruugo has also announced that Rob McWilliam and Liz Scott have been appointed as non-executive directors.

With over 25 years’ experience in digital leadership, finance and strategy, McWilliam was chief financial officer of Asda until last year and previously served as vice president UK, finance director and vice president of consumables at Amazon UK. He is currently a non-executive director of Card Factory and holds the same position at Jisc.

Subscribe For Retail News