The Results
Since launching its renewed global e-commerce setup, St. Agni has seen impressive international growth and uplift in both key international markets and markets that weren’t very active before.
Source: Company Data, July 4 2023 – April 5 2024 vs. July 4 2022 – April 5 2023
Within nine months of launch, the overall number of international online orders rose by 116% YoY and global e-commerce revenue grew by 151% YoY.
In the United States, the brand’s top international market, online orders grew by 107% YoY and revenue 137% YoY. In the UK, which has become St. Agni’s second largest international market, the number of online orders rose by an outstanding 364% YoY and online revenue by 450% YoY.
In Canada, the brand can now present prices and accept payments in Canadian Dollar, with pricing inclusive of all duties while provincial sales tax is displayed and charged at checkout, matching a domestic shopping experience. Orders in this market have grown by 66% YoY and revenue by 100% YoY.
Previously low-performing markets such as Germany, France, Japan, Switzerland, The Netherlands, and Singapore have now become key international online markets.
Since partnering with Global-e, the brand has seen a significant uplift in its international e-commerce business, with a 52% YoY increase in its share of international online revenue out of its total online revenues. International e-commerce now accounts for over 50% of the brand’s online revenues. In addition, St. Agni has diversified its revenue streams to a broader range of markets, increasing the share of revenue from ROW markets by 30%.
Source: Company Data, July 4 2023 – April 5 2024 vs. July 4 2022 – April 5 2023