MySale
This coverage examines MySale’s strategic developments and its acquisition by Frasers Group, offering insights for UK retail professionals overseeing international ecommerce, brand liquidation, and omnichannel operations. It reports on Frasers Group’s £13.6m acquisition of MySale in November 2022, following a contested offer process. The reporting also addresses MySale’s prior restructuring efforts, including the sale of its UK platform Cocosa to BrandAlley and the closure of its UK and US operations. Additionally, it explores how MySale’s integration into Frasers Group serves as a strategic channel for off-price inventory clearance and supports Frasers’ expansion into the Asia-Pacific region.
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Jul- 2021 -21 JulyOnline & Digital
MySale returns to profitability in FY21
Online retailer MySale has welcomed a period of ‘excellent progress’ in the full-year ended 30 June 2021, returning to profitability with underlying EBITDA ahead of market expectations at A$4.2m (£2.3m), A$6.9m (£3.7m) from the A$2.7m (£1.4m) loss in FY20. While core revenue rose by 14%, group total revenue fell by…
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Dec- 2018 -11 DecemberOnline & Digital
Mysale warns of half-year loss
Mysale, the online retailer that both Mike Ashley and Philip Green have a stake in, has warned it expects to make an underlying loss in its first half to December 31. It also announced that full-year sales and profits are set to be “significantly” lower than expected attributed to “challenging…
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