Strong third quarter for Pierce

The third quarter of 2019 was another milestone for the Swedish online retailer Pierce, that runs the online stores 24MX, XLMOTO and Sledstore. Pierce grew Net revenues by 27% to 291 MSEK compared to 230 MSEK in the third quarter 2018.

Over the three first quarters of 2019, Net revenues grew by 216 MSEK to 899 MSEK, a growth of 32%. This almost equals the full year Net revenues of 2018, 944 MSEK.

– We are of course pleased with having almost reached the full year Net revenues of 2018 already by the end of the third quarter in 2019. We continue our strong organic growth in all markets, in all three online stores, mainly driven by strong sales developments in south- and central Europe, says Henrik Zadig, CEO of Pierce.

In April 2019 an expansion of the Pierce warehouse and fulfilment centre in Poland was opened. This more than doubled the warehouse space to 27,000 sqm in order to support the company’s continued growth.

– We continue to build and position Pierce for continued long term success and execute our strategic priorities for our customers to have an even better shopping experience. Our expanded warehouse, as well as our new customer service office in Spain, develop according to plan. Now we will focus even more on our online stores and the shopping experience, adds Henrik Zadig, CEO of Pierce.