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Growth was reflected across both B2C and B2B customer groups. Coulter also noted work to improve merchandising resulted in a 20 per cent increase in conversion rates year-on-year. “Importantly, we achieved our break-even milestone through strong growth in both active customers and revenue in the second half,” Coulter said, adding first-time customers are profitable during their first year with the group. “This means that we can now begin to accelerate marketing spend beyond digital channels to ensure more of Australia is aware of Temple & Webster,” he said. It is unclear who is leading the marketing efforts, however, with former CMO, Sven Lindell, leaving the group in June after a two-year stint. The retailer reported active customers of about 198,000, with 1.1 million website users per month. Read more Gartner: Why humans will still be at the core of great CX Temple & Webster reported sales growth is accelerating into the FY19 financial year, with July trading up 34 per cent year-on-year.He has since taken on a role as chief digital officer at apparel business, HotSprings. Emerging technology also played a role in the past year and is expected to drive growth in the coming year. A big one is a partnership Temple & Webster struck with US tech player, GrokStyle, to rollout its deep machine learning technology for visual search across its website. Using the camera search button on the Temple & Webster website and their mobile phone, shoppers can take a picture of any furniture or homewares item they like in their physical environment in order to quickly find similar products from the retailer’s 13,000 product SKUs. By recognising products are being click on the most in visual search results, the technology will then refine how it matches items to images, improving its chances of showcasing which products are most relevant to consumers.
For the original version including any supplementary images or video, visit https://www.cmo.com.au/article/645766/temple-webster-flags-marketing-strategy-shift-tech-innovation-full-year-financials/
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