Redbubble Ltd
(ASX:RBL) is a Melbourne start-up, which listed on the ASX in May 2016 and has a market cap of around $180 million.
It runs an online shop where independent artists can print their artworks onto items such as t-shirts, cushions, iPhone cases, coffee mugs, and sell them to consumers.
The company says it sold $6.4 million worth of goods during the four-day American Thanksgiving long weekend which just passed – beating its Thanksgiving sales from last year by 27%.
Redbubble says its Black Friday sales were “very strong” with year on year growth of 47%, while the US online market (as a whole) had growth rates on Black Friday of 21.6% year on year.
The company also says it expanded into new markets where, despite a weaker Euro, its sales increased! In Germany, it increased the most – by 77%, France up 43% and Spain up 69%.
Redbubble posted a net loss of $19.8 million at 30 June 2016.
