What is Temple & Webster? Temple & Webster Review

Temple & Webster was founded in 2011 and focuses on home products. It is an open e-commerce platform created by Brian Shanahan, Adam McWhinney, Conrad Yiu and Mark Coulter.

About Temple & Webster

Temple & Webster achieved $1 million in revenue in its first 214 days, and today, Temple & Webster reaches seven-figure revenue every 5-10 days.

Temple & Webster is an open e-commerce platform that aims to create a premium shopping experience by offering a large and constantly updated selection of furniture and homewares products. The platform offers over 130,000 products that can be searched in Australia's largest online homewares store. The store adopts a drop-in model where products are sent directly from suppliers to customers, which speeds up shipping for consumers and reduces the group's operating costs.

Temple & Webster Group operates two brands

Temple & Webster is the leading online retailer in Australia in terms of website visits in the 2015 financial year, with over 180,000 active customers (16 October 2015), a database of over 1 million members and a catalogue of over 130,000 products.

2. Milan Direct is one of Australia’s largest furniture wholesalers, with 10 years of experience in sourcing its own-brand products, which are now sold through the Temple & Webster e-commerce platform.

honor

Temple & Webster is consistently recognized as one of Australia’s leading online retailers, with accolades including:

1. Startup Intelligence Award for Best Startup 2015.

2. Power RETAil, the number one online retailer of home furnishings in 2015.

3. The number one retailer and top 10 BRW Fast Starters of 2015.

4. Highest ranked retailer (#2 overall), Deloitte Technology Fast50 2014.

5. Finalist, Best Pure Play Online Retailer, Online Retail Awards 2014.

6. Winner, 'Growth Company to Watch', 2014 Australian Growth Company Awards.

7. Deloitte Fast50 Rising Star, 2013.

Development History

-In October 2011, Temple & Webster online platform was launched and has become the largest online retailer in the furniture and home furnishings category.

-In June 2012, Macquarie Capital became a significant investor and shareholder in Temple & Webster to accelerate growth.

-In July 2015, Temple & Webster Group acquired the Australian operations and subsidiaries of Wayfair Inc. (NYSE: W), one of the world's leading online furniture and home goods retailers.

-In October 2015, Temple & Webster Group entered into an agreement to acquire Milan Direct following the completion of its tender offer.

- In October 2015, Temple & Webster relaunched Wayfair Australia as ZIZO.com.au.

- In December 2015, Temple & Webster Group listed on the Australian Stock Exchange as TPW (The Offer).

- In April 2016, the decision was made to exit ZIZO and merge all businesses under the Temple & Webster brand using the ZIZO/Wayfair advanced technology platform and an innovative dropshipping model. This transformed Temple & Webster from a closed, members-only website into Australia’s largest online retailer of furniture and homewares with an open-access website carrying over 130,000 products.

- In October 2016, it was announced that Temple & Webster co-founder Mark Coulter would take on the role of CEO after serving as interim CEO (following the resignation of CEO and co-founder Brian Shanahan in April 2016).

-In December 2016, the Milan Direct online furniture store was integrated into the Temple & Webster platform as part of the company's revised business plan and vision. Milan Direct is now TPW's own-label furniture brand, continuing the product supply and inventory business led by founder Dean Ramler. The move solidifies Temple & Webster's position as a leading brand in the online furniture and homewares category.