Rocket Internet's The Iconic eyes maiden profit
shared by theiconic03 on Jun 07
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Online fashion retailer The Iconic expects to make a maiden profit in the next 12 months after racking up losses of $109 million in its first three years.
According to accounts lodged with the corpor...
ate regulator last week, The Iconic lost $27.2 million in calendar 2014 as sales rose 54 per cent to $77.6 million. Gross margins slipped from 41 per cent to 38 per cent, but costs fell 17 per cent, trimming losses.
Read more: http://www.smh.com.au/business/retail/rocket-internets-the-iconic-eyes-maiden-profit-20160301-gn75k1.html#ixzz4Asbc6X5G
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