EShopWorld hires heavy-hitter as it targets €1bn sales
DUBLIN-BASED ecommerce company eShopWorld has appointed industry heavy-hitter David Power as chief solutions officer as it aims to fulfil its goal of becoming a €1bn turnover company by 2020.
Earlier this month the company, which was founded in 2010, reported that sales volumes over the Black Friday to Cyber Monday extended weekend were up 75pc on the same period in 2016, delivering double-digit-million euro of sales over the four-day discount weekend.
Total volume sales over the weekend increased from 60,000 units to over 105,000 on the comparable weekend in 2016, with sales by value up 70pc.
Power has 20 years’ experience in high growth, technology-led companies. He joins eShopWorld from Wonga, where as CTO he led an international technology team and spearheaded the company’s evolution and growth over a three-year period.
Earlier in his career he founded Distinct, a product and services company focused on building an “analytics as a service” platform.
The platform was acquired by FTI Consulting in 2013, with Power appointed senior managing director.
Often named as Ireland’s fastest-growing technology company, eShopWorld expects to record a €100m increase in online sales in 2017, up from over €200m in 2016.
The company works with some of the world’s most recognisable lingerie, fashion and sportswear brands, managing the ecommerce requirements of five of the top 10 apparel brands, in over 200 global markets.
In March 2017, eShopWorld announced plans to create 250 highly-skilled roles over a three-year period. It has a recently leased a second office in the Swords area to accommodate continuing growth.
eShopWorld was valued at €300m earlier this year in a deal which saw Asendia, a joint venture with La Poste in France and Swiss Post, increase its stake in the company to 50pc from 40pc. Most of the remaining stake is owned by founder Tommy Kelly.