Q2 updates
We have closed a great Q2 with 20% revenue growth on our website compared to Q1 and 419% 😱 growth compared to 2019.
Here's some more wins for this quarter:
- 20% website revenue growth compared to Q1.
- Customers base grew to 3500 customers.
- Over 2000 app downloads.
- 30% increase in returning customers.
- We opened doors for wholesale customers , made a deal with a one distributor in Florida and working on another one with a distributor in New York.
We also had some challenges:
- We were not able to sell on Amazon for this year yet. Which was a big hit since Amazon contributed to over 50% of our sales last year. But the growth on our website kept us in great position. We just got a shipment to Amazon and hoping to restore our Amazon sales starting this quarter.
- Our last shipment took over 3 month to arrive due to COVID impact but it finally got here and selling fast.
Our future focus:
Layali is now the #1 online store in this niche. And while we believe the future of retail is going online we know that traditional retail is still a huge business that we don't want to miss and can definitely access with our current business model.
So we are working now on improving our distribution and introducing our branded line of products to be in spot light in our website as well as in traditional retail store. STAY TUNED :)
Investors Securitize invite:
We are now working with Securitize, our registered Transfer Agent. Over the next few days, you will receive a Securitize email to the Layali platform where you will be invited to create a Securitize iD account to access your Layali dashboard. Your Layali dashboard will include Layali information pertinent to the conversion of future notes or other details.