(Alliance News) - Giglio.com Spa reported Monday that first quarter sales grew to EUR12.8 million or 32 percent from EUR9.7 million in the same period last year.

Revenues for the quarter turn out to be among the highest in the company's history, second only to those recorded during the last quarter of 2022, when the company recorded EUR1 million in single-day transacted sales on Black Friday.

As the company explains, these results are directly related to the exponential growth of the product offering, namely the fashion collections available to customers. The company, in fact, leveraged the development of its Community Store, with the entry of important new partners-over 200 active ones-which enabled it to record a doubled value of merchandise for sale related to the fall-winter 2022-2023 season compared to the same season in 2021.

"More than 80,000 seasonal product cards were, in fact, taken at the Palermo photo studios, exceeding the daily capacity of 1,500 cards produced per day. More than one million were, on the other hand, products published for sale," the company explained.

"Our goals remain consistent with our ambitions. We continue expeditiously in the growth path we have undertaken, demonstrating once again-with the results achieved-that we have structured the company with a rewarding business model and able to move against the downturns experienced by competitors, able to adapt to the difficult industry environment and the most hostile exogenous conditions," commented Giuseppe Giglio, president and CEO of Giglio.com.

Giglio.com's stock is up 4.3 percent at EUR2.92 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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