Shoes.com’s Q1 gross revenue up 89% amid repeat traffic

Vancouver -- Fast-growing Canadian online footwear retailer Shoes.com has reported record first quarter. In its first quarterly financial report since consolidating three online businesses under one platform, the company reported an increase in gross revenue of 89% to $60 million and a 129% increase in revenue from repeat customers.



Gross profit margins remained robust at 44%.



"We're thrilled with the strong start to 2015 and significant growth across all key performance indicators," said Roger Hardy, CEO of shoes.com. "We’ve accomplished a lot since combining Shoeme.ca, OnlineShoes.com and shoes.com only nine months ago and we’ve already seen enormous increases in new and returning customers to our sites. Over the next few quarters we expect to see our growth accelerate as we continue to focus on delivering the world’s best service and selection.”



During the quarter the company opened a 150,000-square-foot fulfillment center near Columbus, Ohio.



During the quarter the company also says it strengthened its executive team in with the addition of Scott Julian as senior director of merchandising, formerly of Zappos; Elsa D’Andrea as director of style and care, formerly of Lululemon; Geoff Henshaw as VP of brand and retail strategy, formerly of Coastal Contacts; and Tim Vipond as VP of corporate finance, formerly of Goldcorp.



Shoes.com owns and operates shoes.com, OnlineShoes.com and Shoeme.ca is headquartered in Vancouver, Canada.