MySale, the Australian flash-sales business which acquired Cocosa, has reported a 7 per cent increase in its annual sales to AUD 252 million with its UK sales up by 139 per cent which is largely attributable to Cocosa. The business which has Mike Ashley and Sir Philip Green as investors is leveraging the relationship with Sports Direct and will sell around 150,000 of the sportswear business’ products to Australian consumers going forward. MySale reported a loss of around £120,000 for the year to June 30th.
CEO Carl Jackson said “We achieved significantly improved operational performance and solid progress against our strategic aims. We built on a solid first half with further improvements in the second half and our challenge now is to build on that momentum and execute on the real and exciting opportunities the group has to significantly grow the business.”
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