The Temple & Webster Group Ltd (ASX: TPW) share price is up 27% after announcing its AGM trading update.Temple & Webster is an online retailer of furniture, homewares and home improvement products.FY27 trading updateThe company noted that revenue is lower so far this year because it has deliberately reduced “promotional depth” and raised prices on some ranges.Due to that combination of factors, revenue is down but the contribution margin is growing. Since August, trading has improved.For the period 1 July t ...