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Showroomprive
November 2013
Thierry PETIT
direction@showroomprive.com
Showroomprive - Overview
Dual expertise at the heart of the project
•
•
•
•

Founders: David Dayan and Thierry Petit (October 2006)
DNA: combining physical overstock and internet
Self-financed and profitable since inception
Key investors: the founders, Accel Partners (minority interest - August 2010) [$50M - Facebook / Etsy / Dropbox,
etc.]

An eBusiness player that has joined the ranks of Europe’s leaders in just 5 years
•
•
•
•

Flash Sales business model focus on women
Driven by strong growth in fashion (69% of REV)
15M members / 5M buyers / 20M orders completed since inception
Present in France, Spain, Italy, UK, Netherlands, Belgium, Portugal and Poland

• 2012 REV of € 250M (+70% versus 2011) // Forecast 2013 : € 340M

A platform that connects brands and consumers together
• Multiple channels: Internet, Mobile, SR30, Outlets
• Mobile has good traction: the mobile app has been downloaded more than 2 million times, this channel accounts
for 40% of online orders

• 500 employees hired in 5 years
• All key links in the eBusiness value chain internalized: from sourcing to the supply chain, plus sales production,
ad space buying and customer service: customer quality and execution costs under control
2
Showroomprive.com: the platform where brands and online shoppers meet

Showroomprive.com uses a disciplined and pragmatic approach that offers the best response to:

Online shopper demand:
• Brands consumers expect to see in numerous retail
segments (RTW fashion, accessories, cosmetics, home
furnishing, etc.)
• Substantial price reductions (-66% versus suggested
retail price)
• Selection is deep and wide (20,000 items available for
purchase on average for 150 brand references)
• Rapid delivery – You get it tomorrow Service
• Top-notch customer service

Brand requirements:
• Sell overstock in volume
• Events dedicated to their products, showcased by
designs that respect their brand values: 500,000
views on average per private sale event
• All inclusiveservice: turnkey private sale production
• Big Data approach: analysis and surveys
3
Trusted partner to over 1,500 brands

• Strong relationship with brands – 360 approach
• Possible to sell 10,000 + items within a few hours, incremental
value on surplus stock
• Real-time tracking and predictive analytics for brands
Number of brand events

2,400

Online orders by segment
9%
6%
8%

1,627
1,059

12%

681
17
2006A

154
2007A

31%

16%

18%

322

2008A

2009A

2010A

2011A

2012A

Ready to wear
Homeware
Lingerie
Other

Accessories
Shoes
Beauty products

4
Our 15m member base
High quality community

65%

Gender

Strong growth in members
Number of members (m)

12.5
9.2

35%

6.4
0.5
3.2
Women

1.7

Men

Age

5.9

3.0

1.5

7.7

9.5

0.8
3.2
1.7
0.8
2006A 2007A 2008A 2009A 2010A 2011A 2012A
0.1

37%

27%

27%

France

International

9%

• 76% France / 24% international
< 25

25 - 35

35 - 50

> 50

• Member base growth of c.300,000 per
month (Mar. 2013)

Income
57%

• Acquisition costs declining over time
15%

< €27k

18%
10%

€27k - €36k €36k - €54k

• 80% of visits originate from free sources

> €54k

5
Looking ahead: 6 pillars of growth
Offer

Objective: >€500M REV in 2 years
(€m)

500

+ 1,500 brand partners
70% fashion and lifestyle

70% discount on average

380
250

Brand

134
0.2

6

21

2006

2007

2008

51

2009

90

2010

70% unaided
(spontaneous)
awareness:

2011

2012 2013E 2014E

Mobile

International

Logistics

>40% of online orders

>20% of online orders
come from buyers
outside France (Dec
2012)

Up to 90,000 orders/day
Delivery in 24h

+30 pts. in 18 months

A loyal and
Engaged customer
80% free traffic

75% of REV generated
by repeat buyers
6
Thank you
Showroomprive - NOAH13 London

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Showroomprive - NOAH13 London

  • 2. Showroomprive - Overview Dual expertise at the heart of the project • • • • Founders: David Dayan and Thierry Petit (October 2006) DNA: combining physical overstock and internet Self-financed and profitable since inception Key investors: the founders, Accel Partners (minority interest - August 2010) [$50M - Facebook / Etsy / Dropbox, etc.] An eBusiness player that has joined the ranks of Europe’s leaders in just 5 years • • • • Flash Sales business model focus on women Driven by strong growth in fashion (69% of REV) 15M members / 5M buyers / 20M orders completed since inception Present in France, Spain, Italy, UK, Netherlands, Belgium, Portugal and Poland • 2012 REV of € 250M (+70% versus 2011) // Forecast 2013 : € 340M A platform that connects brands and consumers together • Multiple channels: Internet, Mobile, SR30, Outlets • Mobile has good traction: the mobile app has been downloaded more than 2 million times, this channel accounts for 40% of online orders • 500 employees hired in 5 years • All key links in the eBusiness value chain internalized: from sourcing to the supply chain, plus sales production, ad space buying and customer service: customer quality and execution costs under control 2
  • 3. Showroomprive.com: the platform where brands and online shoppers meet Showroomprive.com uses a disciplined and pragmatic approach that offers the best response to: Online shopper demand: • Brands consumers expect to see in numerous retail segments (RTW fashion, accessories, cosmetics, home furnishing, etc.) • Substantial price reductions (-66% versus suggested retail price) • Selection is deep and wide (20,000 items available for purchase on average for 150 brand references) • Rapid delivery – You get it tomorrow Service • Top-notch customer service Brand requirements: • Sell overstock in volume • Events dedicated to their products, showcased by designs that respect their brand values: 500,000 views on average per private sale event • All inclusiveservice: turnkey private sale production • Big Data approach: analysis and surveys 3
  • 4. Trusted partner to over 1,500 brands • Strong relationship with brands – 360 approach • Possible to sell 10,000 + items within a few hours, incremental value on surplus stock • Real-time tracking and predictive analytics for brands Number of brand events 2,400 Online orders by segment 9% 6% 8% 1,627 1,059 12% 681 17 2006A 154 2007A 31% 16% 18% 322 2008A 2009A 2010A 2011A 2012A Ready to wear Homeware Lingerie Other Accessories Shoes Beauty products 4
  • 5. Our 15m member base High quality community 65% Gender Strong growth in members Number of members (m) 12.5 9.2 35% 6.4 0.5 3.2 Women 1.7 Men Age 5.9 3.0 1.5 7.7 9.5 0.8 3.2 1.7 0.8 2006A 2007A 2008A 2009A 2010A 2011A 2012A 0.1 37% 27% 27% France International 9% • 76% France / 24% international < 25 25 - 35 35 - 50 > 50 • Member base growth of c.300,000 per month (Mar. 2013) Income 57% • Acquisition costs declining over time 15% < €27k 18% 10% €27k - €36k €36k - €54k • 80% of visits originate from free sources > €54k 5
  • 6. Looking ahead: 6 pillars of growth Offer Objective: >€500M REV in 2 years (€m) 500 + 1,500 brand partners 70% fashion and lifestyle 70% discount on average 380 250 Brand 134 0.2 6 21 2006 2007 2008 51 2009 90 2010 70% unaided (spontaneous) awareness: 2011 2012 2013E 2014E Mobile International Logistics >40% of online orders >20% of online orders come from buyers outside France (Dec 2012) Up to 90,000 orders/day Delivery in 24h +30 pts. in 18 months A loyal and Engaged customer 80% free traffic 75% of REV generated by repeat buyers 6