She is the Australian Instagram sensation who leveraged her 11.5 million followers into a multimillion-dollar fitness empire.
And on Tuesday, Tammy Hembrow declared that her activewear business, Saski Collection, was ‘thriving’ despite the coronavirus recession.
Her Gold Coast-based clothing company is bucking the trend of retailers shutting down across the country in response to the economic downturn.
Show me the money! On Tuesday, Tammy Hembrow (pictured) declared that her activewear business, Saski Collection, was ‘thriving’ despite the coronavirus recession
Despite her success, the 26-year-old said on her Hanging with the Hembrows podcast that ‘life is non-stop work’ at the moment.
‘I’ve been working heaps… Yeah, it’s crazy,’ she told her sisters Amy and Emilee. ‘I’m lucky my business are going well and I have lots of things happening.’
Tammy launched Saski Collection in 2017 and it is now sold in more than 190 countries.
Booming: Tammy’s Gold Coast-based clothing company is bucking the trend of retailers shutting down across the country in response to the economic downturn
‘Saski Collection has been going really well and we have heaps of new collections coming,’ she explained.
In addition to her fashion line, she also owns TammyFit, an online health and fitness app, which is also booming as more people exercise at home during lockdown.
Last month, Tammy purchased a five-bedroom waterfront home on the Gold Coast for $2.88million.
Icing on the cake: In addition to her fashion line, she also owns TammyFit, an online health and fitness app, which is also booming as more people exercise at home during lockdown
Tammy has an estimated net worth of $2million and, as one of the most-followed Australians on Instagram, earns up to $33,000 for a single sponsored post
She is also a doting mother to her two children, five-year-old son Wolf and four-year-old daughter Saskia, whom she shares with her ex-partner Reece Hawkins.
The news comes after fashion retailer Mosaic Brands announced it was closing up to 500 stores across Australia after being ‘utterly derailed’ by the COVID-19 pandemic.
Family: Tammy is also a doting mother to her two children – five-year-old son Wolf, and four-year-old daughter Saskia – who she shares with her ex-fiance Reece Hawkins. Last month, she purchased a waterfront five-bedroom home at the Gold Coast for $2.88million (Tammy pictured with her children)
The company, which owns brands such as Noni B, Rivers, Millers and Katies, made the announcement to shareholders while delivering its full-year results on Tuesday.
Mosaic has been one of the hardest hit by the pandemic because it has an older customer base, making them less likely to shop online.
While all retailers have felt the brunt of the pandemic, those with a younger demographic have seen their online sales increase.
Hard hit: The news comes after fashion retailer Mosaic Brands announced they will close up to 500 stores across Australia after being ‘utterly derailed’ by the coronavirus pandemic
Mosaic’s online sales grew by just 14.7 per cent over the past 12 months, while others more than doubled.
Chief executive Scott Evans said the company had reported a statutory loss before tax of $212.1 million – a 1,900 per cent decline on 2019’s statutory profit of $11 million.
The company, which has 1,333 stores across the country, will close between 300 and 500 stores over the next two years, the Sydney Morning Herald reported.
Iconic: Mosaic, which owns fashion brand Rivers (pictured) has been one of the hardest hit by the pandemic as it has an older customer base
Mr Evans said almost half of their leases were on holdover, and 81 per cent would expire in the next two years.
‘There is no road map to navigate these circumstances, but our operational priorities have been ensuring team and customer safety, reducing inventory and maintaining a strong cash position,’ Mr Evans said.
‘This has allowed us to reshape Mosaic to take advantage of the fundamental changes happening in retail.’
Widespread: The pandemic has caused widespread devastation to businesses across the country