Delta Galil Industries, Israel-based manufacturer of branded and private label apparel, has reported 130 per cent rise in its online sales in 2020. The company has also noted 183 per centY-o-Y jump in the fourth quarter of the year.
E-commerce own website sales rose to US $ 76.1 million in the fourth quarter of 2020, compared to US $ 26.9 million in the fourth quarter of 2019,while the full year online sales valued US $152.5 million.
Isaac Dabah, CEO, Delta Galil, commented, “Without a doubt, 2020 represented an unprecedented year for Delta Galil, as COVID-19 forced us to rethink ways in which we conduct business. I am pleased with our agility to respond to the pandemic and implement the necessary initiatives to reduce costs and improve our operational and financial flexibility. Consequently, we saw record gross and EBIT margins in the fourth quarter, and record operating cash flow for the year, demonstrating a strong combination of Delta’s rapid online expansion, coupled with the strength of our brands, loyal customer base and the effects of our strategic efficiency measures, which we foresee continuing in the future.”
The company has also unveiled that the overall sales in 2020 were US $1,446.2 million, compared to US $1,690.2 million in 2019, representing a 14 per cent decrease.
However, Delta Galil stated that it stands at an operating loss of US $7.1 million in 2020, compared to an operating profit of US $ 103.7 million in 2019.
