- Speciality tea retailer DavidsTea has seen an increase in ecommerce of 145% as the company bounces back from being hard hit by the first quarter of 2020
- The Montreal based firm was forced to close all but 18 of its stores in March with the company moving to mainly operate online. The move has seen considerable success as the leading tea merchants digital first approach has seen significant profits and a complete turnaround of the companies future
- Alongside the massive increase in ecommerce sales, the companies 3rd quarter results showed a wholesale sales of CA$22.1 million and a gross profit of $10.8 million as the company moves into 2021 with a far stronger position then 9 months prior
