Private sales website expects UK sales to grow 167% in 2010
Sales at members-only retail website Vente-privee.com jumped 33% in 2009.
UK sales at the retailer, which runs flash sales of branded jewellery and watches, totalled £2.7m in 2009. Vente-privee.com said that the UK is a strong market for it and expects sales to rocket 167% in 2010 to £7.2m.
Vente-privee.com forecast at the beginning of 2009 that it would reach a total turnover of £556m but stronger-than-expected international growth pushed total European sales up to £610m in 2009.
Vente-privee co-founder and chief executive Jacques-Antoine Granjon said: “We have every reason to be very optimistic. Last year, Germany saw 100% growth and turnover of £38m and Spain 95% growth and turnover of £40m. With respective turnovers of £8.7m and £2.7m, Italy and the UK also look promising.”