The Internet accounted for 21% of all revenue.
Cafom SA, a multichannel retailer of general merchandise headquartered in France, is reporting a healthy increase in web sales for fiscal 2010.
In its recently released year-end earnings statement, Cafom, No.162 in the Internet Retailer Top 300 Europe, reported:
Internet Retailer calculates the web accounted for 21.2% of sales in fiscal 2010 compared with 18.4% in 2009.
Cafom, which operates a network of nine stores and carries an inventory of furniture, home appliances, personal electronics, musical instruments and other products, is expected to open a new fulfillment hub near Normandy this summer. “It is undergoing a gradual ramp-up,” says Cafom. “With this new base, we have a powerful tool capable of supporting European development.”