Monday, May 18th, 2015

too much stock

Having been introduced to the Australian market less than 6 months ago, is projected to turnover $1.3 million for its first year of trading.

Leading international wholesaler, The Fashion Clearance Group, introduced the discount shopping deals site to Australia in October 2014, offering unbeatable prices on global fashion powerhouses, homewares and health & beauty.

Since launch the start-up has amassed over 35,000 member attracted by over 3,000 designer products from fashion, homewares, health & beauty and technology. Brands include Boss, Michael Kors, Calvin Klein, ASICs and Nike.

Manager of Operations Martin Solomon attributes the sales figures to a carefully planned offering, saying “We are quickly becoming Australia and New Zealand's go-to destination for the savvy shopper. The key is in our depth of products on offer, combined with savings of up to 80% off retail prices”.

While the early sales figures have exceed initial forecasts, they do not come as a complete surprise to the team. Behind is a team of industry experts several of whom have founded and IPO’s or exited ecommerce businesses prior to joining.

Additionally, the team have buying power and relationships of their parent company, The Fashion Clearance Group who has been a leader in servicing the international fashion trade for over the past 8 years with direct contacts and buyers agents worldwide.

In 2014 The Fashion Clearance Group expanding to have direct public outlets in Australia , New Zealand, United States Singapore and Hong Kong , the UK and Europe.

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ecommerce, shopping, fashion, retail



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