Yoox seeks 20 % growth in 2015 | RetailDetail

Yoox seeks 20 % growth in 2015

Yoox seeks 20 % growth in 2015

The Italian Yoox Group aims to achieve 20 % turnover growth to 624 million euro in 2015. That would be a larger growth than it managed in 2014, at + 15 %.

Expand cross-channel

Its net profit also grew 9 % in 2014, to 13.8 million euro, mostly thanks to excellent Italian and Chinese performances and increased conversion on its online platforms.

 

The group now aims to extend that growth in 2015, both on its online platforms (like Yoox.com, Thecorner.com and Shoescribe.com) and in the stores it manages for brands like Diesel and Stella McCartney. It will further expand its cross-channel range, which should particularly help raise turnover in the brand stores.

 

The group should also be able to benefit from Yoox.com's launch in the third quarter of 2014. It added a mobile app the following quarter, which should help drive even more customers to its mobile website.

Questions or comments? Please feel free to contact the editors


Microsoft builds competitor for Amazon Go

14/06/2018

Microsoft is working on its own technology that should render checkouts in stores obsolete. The American company says it wants to be an ally for the retail sector, mostly in its struggle against Amazon Go.

Amazon bans customers who return too much

24/05/2018

Amazon is putting a stop to customers that return too many items or that “misbehave” according to the retailer: whoever crosses the line, will be banned. Dozens of customers have taken to social media to complain about this unilateral account removal.

LVMH invests millions in fashion search engine Lyst

24/05/2018

French luxury group LVMH, led by Bernard Arnault, will invest millions of dollars in Lyst once again. The luxury fashion search engine wants to expand its global expansion this way.

Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.