← All case studies

Fashion brands (DTC & wholesale)

Ghost & Finery

From loss-making ecommerce to profitable growth

  • +149%

    Online sales growth

  • +172%

    Traffic growth

  • 1.5%

    Conversion, up from 0.9%

  • Profit

    Ecommerce returned to profitability

The challenge

Two founder-led fashion brands where ecommerce was growing inefficiently: traffic was expensive, conversion was low and the digital channel was not contributing profit.

The diagnosis

Acquisition spend was carrying the channel while conversion sat below 1%. Range, availability and trading calendars were not aligned to demand, and operating costs were disproportionate to revenue.

The strategy

Rebuild the commercial model channel by channel: improve conversion and average order value before scaling spend, align trading and stock to demand, and take structural cost out of the operation.

The work

  • Trading, promotional and markdown planning aligned to demand and stock
  • Conversion programme across site experience, product content and checkout
  • Channel-level marketing profitability review and agency management
  • Operating cost and fulfilment cost-to-serve reduction
  • Retention and CRM programme to reduce reliance on paid acquisition

Facing something similar to Ghost & Finery?

Whether the challenge is growth, margin, merchandising, conversion, technology, operations or transformation, the first step is understanding where the biggest opportunity exists.

Discuss Your Challenge

No sales pitch. Start with the business problem.