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Made.com makes Spanish move as its cuts losses

Made.com is to begin operating in Spain as it looks to take a share of the £6bn market.

The move comes as it enjoyed sales growth of 40% to £127m last year. Losses were cut from £6m to £4.9m.

Philippe Chainieux, Made.com chief executive said the performace would have been better for the weakness of sterling.

‘The move into Spain is another important milestone on our journey to become Europe’s leading design destination,” he said.

‘The total market for furniture and homewares in Europe is worth in the region of £120bn, so there’s lots to play for. We believe Made is set up to be one of the winners in an era of enormous and rapid change in retail, as more of the market moves online.

‘We have a unique range of design-led products and deep supplier relationships which enable us to bring new products to market every week, giving consumers new reasons to shop with us. We have also made significant investment in our technology and infrastructure, giving us a platform that can be scaled to support our rapid growth.’