Yoox-Net-A-Porter revenues climb in third quarter
Yoox Net-A-Porter has reported that third quarter revenue rose by 17.7% at constant currency to €481.8 million.
Sales in the UK were up 13.2% to €63.8 million while sales in Italy rose by 7.1% to €34.1 million.
Meanwhile, sales in the rest of Europe, the North Americas and APAC climbed by 27.9%, 28.8% and 17.1% respectively,
The results mean that revenue in the nine months to 30 September was up 18.6% to €1.5 billion.
Federico Marchetti, chief executive of Yoox Net-A-Porter, said revenues remained strong in the third quarter. He added: “This solid organic growth was nicely balanced across our in-season, off-season and online flagship stores business lines.”
Marchetti said he was particularly excited about the recent launch of Mr Porter’s own label Mr P.
He explained: “Driven by seven years of customer insights and data, together with the impressive know-how of our buyers and editors, the Mr P. collection is built around a range of essentials. The label draws its strength from our unmatchable vantage point into the male wardrobe.”
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