- Online retailer MyDeal.com.au (MYD) has tabled a record number of gross sales for the month of November
- In more records, the company has already beaten the entire 2020 financial year’s gross sales in just the first five months of the current financial year
- The company says the strong traffic volume in Australia is due to people adjusting to the new “COVID-normal”
- Promisingly, the majority of the transactions in November have come from returning customers
- Despite this positive news, MyDeal is down 1.53 per cent on the market this afternoon and is trading for $1.29 per share
MyDeal.com.au (MYD) has tabled a record number of gross sales for November.
The online retailer reported around $30 million in gross sales for the month, which is up from October’s $18.4 million.
For the first five months of the 2021 financial year, MyDeal has delivered $105 million in gross sales, which exceeds the entire 2020 financial year.
Private label gross sales, totalling $1.2 million, are up 71 per cent on October and active customers grew to a record 778,867. Majority of the transactions in November have come from returning customers.
The company says there has been a strong traffic volume in Australia as everyone adjusts to the new “COVID-normal.”
Website visits from Victoria and the rest of the country were up 174 per cent and 168 per cent in November compared to March.
“We are delighted that MyDeal has delivered another record-breaking trading period in November which is historically our strongest month in our strongest quarter,” Managing Director Sean Senvirtne said.
“More Australians than ever are discovering the value, range and convenience our marketplace provides across millions of household products,” he added.
Despite this positive news, MyDeal is down 1.53 per cent on the market this afternoon and is trading for $1.29 per share at 12:44 pm AEDT.