1stDibs reports 2% revenue growth in Q1`
Luxury online marketplace 1stDibs reported modest year-over-year growth for the first quarter ended March 31, driven by steady execution and market share gains.
The New York-based company said net revenue for the first quarter reached $22.5 million, up 2% from the same period last year.
Gross profit also rose 2% to $16.3 million, while gross margin held steady at 72.4%. However, the company's net loss widened to $4.8 million, compared to $3.3 million a year ago.
The number of orders held steady at approximately 35,000 in Q1, while active buyers climbed 7% to roughly 65,000.
"Our momentum continued in the first quarter, with strong execution, market share gains, and steady progress on our roadmap,' said David Rosenblatt, 1stDibs chief executive officer.
'While the macro environment remains unpredictable, we believe our model and strategy position us well for the road ahead.'
Tom Etergino, chief financial officer added, 'We delivered a solid quarter, gaining market share while diligently managing expenses and making progress against our 2025 plan. We remain focused on executing efficiently.'
Looking ahead to the second quarter, 1stDibs expects GMV between $85 million and $92 million, with net revenue ranging from $21.2 million to $22.5 million. The company expects an adjusted EBITDA margin of 14% to 10%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
4 hours ago
- Fashion Network
Polimoda director Massimiliano Giornetti says the new generation of designers shows greater resilience
Since February 2021, Massimiliano Giornetti has led Polimoda, the Florence-based fashion school where he once earned his degree in collaboration with the London College of Fashion. He returned to the school in 2019 as head of fashion design. Alongside his academic career, Giornetti built a distinguished track record in luxury fashion. He directed Salvatore Ferragamo 's creative vision for 16 years, first in menswear, then in womenswear and accessories. He also served as design director at the Chinese luxury house Shanghai Tang. Giornetti spoke with about how young designers and their aspirations have evolved in recent years. How has creativity evolved in recent years? Massimiliano Giornetti: Creativity today is increasingly free and independent. The new generation of designers is moving away from the standardization that once dominated the industry. They are more drawn to niche concepts and independent thinking. FNW: What explains this new approach? MG: Young designers clearly reject overconsumption and the accelerated pace that has driven the fashion and luxury markets in recent years. Fashion now leans toward extreme luxury, and very few consumers can afford products from major brands. Our students align more closely with emerging consumer behaviors that favor slower consumption and a more mindful approach to spending. You can even see it in how they dress. They choose vintage and independent designs over logos. They increasingly question the constant turnover of creative directors at luxury houses, watching brands celebrate designers one season and dismiss them the next. FNW: What do emerging designers want today? MG: Emerging designers define success by their ability to express their point of view to their community, not by wealth. They show little interest in pursuing creative director roles compared to previous generations. Instead, they focus on building their own brands with unique content and a personal voice. They create independent projects that connect with smaller, more engaged communities that value their creative vision. FNW: But in today's market, it is very difficult to stand out… MG: The market is challenging, but young designers have a real opportunity. The desire to express oneself through clothing runs deep in human nature. Young consumers use fashion to convey both aesthetic and ethical values. They also buy less from major houses, as those brands operate in the ultra-luxury segment with increasingly prohibitive prices. This shift creates space for new generations of designers. They have a chance to stand out. MG: Today's young designers bring incredible eclecticism and agility. They move seamlessly between two-dimensional and three-dimensional design. They approach their creative process in a highly hands-on way. This generation shows much greater resilience than mine and collaborates far more effectively than in the past.
Fashion Network
4 hours ago
- Fashion Network
French lingerie brand Ysé opens first London boutique
French lingerie label Ysé is continuing its international expansion. The Paris-based brand, founded in 2012 by Clara Blocman and majority-owned by the Etam group, opened its first UK boutique on May 15 at 190 King's Road in London's South Kensington. Known for its chic and comfortable lingerie, Ysé is growing rapidly, reporting 40% annual sales growth as it pursues a targeted retail strategy in key markets. 'After Paris, London is the second city where our online customers are based. It is a global city, with many French residents. However, we needed to establish the brand firmly before expanding to the UK. Brexit complicated the process, and good locations remain rare and expensive,' says Blocman. The presence of other French brands, including Sœur, Balibaris, and Oh My Cream!, also influenced her decision. 'We are very pleased with the boutique's early performance, which is attracting both destination customers and passersby.' Ysé opened its first store outside France in Brussels last year. Rather than targeting a new country next, the brand plans to add a second location in London. The United States remains a key online market, ahead of Italy, Spain, and Germany. Headquartered in Paris' ninth arrondissement, Ysé has two additional openings planned for 2025. It recently opened a store in Rennes at 4 rue de Toulouse, where it is testing a new concept focused on circularity. 'We see this as an educational store, featuring our first in-store second-hand section, offering only Ysé pieces. It also helps raise awareness about lingerie care and repair,' says Blocman. In early July, Ysé will add a new Paris location to its existing six stores in the capital. The new boutique will open on Rue Bonaparte in Saint-Germain-des-Prés, marking the brand's first standalone store on the Left Bank, where it already operates a corner at Le Bon Marché. The company now operates 20 points of sale, including two corners. An HEC graduate, Blocman remains independent in her strategic decisions while benefiting from synergies with the Etam group. Logistics are managed through a shared warehouse, and the group also supports Ysé in negotiating and securing retail locations. Certified B Corp in 2024, Ysé reports that 95% of its products meet its responsibility standards, with materials either made in France or sourced from certified or recycled fibers. The brand focuses on local sourcing, with production concentrated in Morocco, Tunisia, Portugal, and Italy. Originally designed for smaller busts, Ysé has expanded its size range to include up to an E cup and launched ready-to-wear in 2020, maintaining its delicate, creative style. 'We balance scarcity—to maintain desirability—with careful stock forecasting to avoid unnecessary frustration. We have faced some very fast stockouts, so we now aim for more restocking,' says Blocman. A fan of collaborations, Ysé—whose customers have an average age of 33—has renewed its partnership with maternity brand Tajine Banane this season. The brand is also launching a new collaboration with Grasse-based perfumer Fragonard for its swimwear line, which evokes the Mediterranean through swimsuits, pareos, and quilted bags. After achieving 40% growth in 2024, the 150-employee company expects similar growth in 2025 in what Blocman describes as 'a highly fragmented and competitive market.' From €15.5 million in revenue reported in 2023, Ysé could surpass the €30 million mark this year, with more than 50% of sales generated online. 'We are also seeing growth on a like-for-like basis,' emphasizes Blocman. 'We've benefited from stronger brand awareness over the past two years and improved store traffic,' she adds. The brand also focuses on personal service. 'Our best customers appreciate advice. The human element is very important, which is why we are opening boutiques. Our approach is omnichannel, and it will remain so.'
Fashion Network
4 hours ago
- Fashion Network
Polimoda director Massimiliano Giornetti says the new generation of designers shows greater resilience
Since February 2021, Massimiliano Giornetti has led Polimoda, the Florence-based fashion school where he once earned his degree in collaboration with the London College of Fashion. He returned to the school in 2019 as head of fashion design. Alongside his academic career, Giornetti built a distinguished track record in luxury fashion. He directed Salvatore Ferragamo 's creative vision for 16 years, first in menswear, then in womenswear and accessories. He also served as design director at the Chinese luxury house Shanghai Tang. Giornetti spoke with about how young designers and their aspirations have evolved in recent years. How has creativity evolved in recent years? Massimiliano Giornetti: Creativity today is increasingly free and independent. The new generation of designers is moving away from the standardization that once dominated the industry. They are more drawn to niche concepts and independent thinking. FNW: What explains this new approach? MG: Young designers clearly reject overconsumption and the accelerated pace that has driven the fashion and luxury markets in recent years. Fashion now leans toward extreme luxury, and very few consumers can afford products from major brands. Our students align more closely with emerging consumer behaviors that favor slower consumption and a more mindful approach to spending. You can even see it in how they dress. They choose vintage and independent designs over logos. They increasingly question the constant turnover of creative directors at luxury houses, watching brands celebrate designers one season and dismiss them the next. FNW: What do emerging designers want today? MG: Emerging designers define success by their ability to express their point of view to their community, not by wealth. They show little interest in pursuing creative director roles compared to previous generations. Instead, they focus on building their own brands with unique content and a personal voice. They create independent projects that connect with smaller, more engaged communities that value their creative vision. FNW: But in today's market, it is very difficult to stand out… MG: The market is challenging, but young designers have a real opportunity. The desire to express oneself through clothing runs deep in human nature. Young consumers use fashion to convey both aesthetic and ethical values. They also buy less from major houses, as those brands operate in the ultra-luxury segment with increasingly prohibitive prices. This shift creates space for new generations of designers. They have a chance to stand out. MG: Today's young designers bring incredible eclecticism and agility. They move seamlessly between two-dimensional and three-dimensional design. They approach their creative process in a highly hands-on way. This generation shows much greater resilience than mine and collaborates far more effectively than in the past.
