Net-a-Porter heads to Yoox merger with profit | RetailDetail

Net-a-Porter heads to Yoox merger with profit

Net-a-Porter heads to Yoox merger with profit

British online fashion chain Net-a-Porter has left its losses behind. In its fiscal year 2014/2015, it had an 11 million pounds (15.21 million euro) profit.

Good sales deliver first profit

It was the online seller's first profit since it was acquired by investor Richemont 5 years ago. Last year, Net-a-Porter had a 9.7 million pounds loss last year, which is 13.41 million euro by today's exchange rates.

 

Its improved result comes on the back of record sales, with a 764 million pound (1.056 billion euro) turnover in its fiscal year 2015 (which ended in March), up 22.8 % compared to last year. 45 % of its sales came from Europe, 31 % from the United States and the remainder from Asia and the rest of the world.

 

Yoox merger will become internet giant

Net-a-Porter will have decent results to head into its Yoox merger. It was announced in March and will probably be finalized by September. The merger's goal is to offer the customer a more diversified luxury product range.

 

Net-a-Porter says it attracts 10.7 million unique customers on a monthly basis, while Yoox will add 18.8 million customers. The new Net-a-Porter and Yoox merger will be based in Italy.

Questions or comments? Please feel free to contact the editors


Analysis: six reasons major brands are under pressure

17/05/2018

Global brands are increasingly struggling to ward off smaller, local companies. Some even believe the brands’ golden age has passed. That may be presumptuous, but there are some noticeable trends.

Coca-Cola is still strongest global brands, but local brands are on the rise

17/05/2018

Coca-Cola, Colgate and Maggi are the most popular FMCG brands worldwide, according to a Kantar Worldpanel report. Local brands are stealing market share however.

HelloFresh increases turnover forecast

14/05/2018

Mealbox delivery service HelloFresh has increased its 2018 forecast: the German company now expects a 35 % growth, up from its previous 30 % increase forecast. Positive results in the United States, which has become the company’s main market, were the main reason for its adjustment.

Brussels bio chain Färm keeps expanding

14/05/2018

Färm, a bio store chain from Brussels, is supporting a planned expansion with a crowd funding campaign. The chain aims to open its biggest store so far in the North of the European capital, extending its services with a bakery in the store. 

More profit from smaller volumes for AB InBev

09/05/2018

Despite AB InBev’s beer sales dropping 0.2 % in the first quarter, the Belgian-Brazilian beer giant did generate a turnover increase and a gross profit above expectations.

Ahold Delhaize mainly grows online

09/05/2018

Belgian-Dutch merger group Ahold Delhaize has had a decent first quarter, thanks to a Belgian turnaround, a good performance in the United States and strong online growth. Unfavourable exchange rates did spoil the party somewhat.