The covid-19 pandemic has been grim to most businesses, and most large economies are already in recession. But during this upheaval, some businesses have been thriving thanks to dramatic shifts in consumer behavior. Such is the case of the leading Italian vintage furniture marketplace, GrandVintage.com.
GV is celebrating its 100.000 user today, and sales are brisker than ever for the 1 year-old platform. The online retailer has carved out a niche on the web. The site now atttracts more and more visitors from England and the Americas. The average order value is about $2,000, which reflects its unique status as the leading vendor of Italian vintage on the web.
A growing segment of GrandVintage.com's sales is to interior designers from all over the world. "We've recently sold an ensemble of vintage items to a collector who wanted a unique, 1960s-space age theme for his home", says GrandVintage's founder Olivier Cater. Amid booming sales, the company is preparing for its first round of series-A financing.