2004 sales at European fashion retailer Yoox.com reached $47 million, the company reports, up 60% from 2003. The web site hosts nearly 2 million visits a month and processes 190,000 orders for 400,000 items a year. The web site serves the United States, Canada, Japan and 25 European countries.
The company reports that it has achieved earnings before interest, taxes, depreciation and amortization (EBITDA) after breaking even in 2003.
The company says the U.S. is its fastest growing market, with U.S. sales doubling last year over the year before.
"We have developed a strong multi-national e-commerce platform with warehouses and synchronized logistics across three continents. In the near future we are also developing and implementing e-commerce solutions directly for prestigious fashion brands to create their own `Virtual Store` where they focus on their products and image online while YOOX handles all back-end functionalities,” Federico Marchetti, founder and CEO, says. “We are already working on a few such projects which will come to fruition in 2005."