11/14/12

Yoox Group’s Q3 web sales roll ahead by 27%

Net income grows by 41% for the quarter.

Bill Briggs , Senior Editor

International online apparel and accessories retailer Yoox Group showed strong growth for third quarter and first nine months of fiscal 2012.

For the third quarter ended Sept. 30, Yoox, No. 62 in the Internet Retailer Top 500 Guide, reported:

As part of its previously announced growth plan, on Oct. 8 the retailer launched Yoox.com in China. The launch follows a 2010 roll-out of the company’s mono-brand business line, which includes commercial web services for other retailers, and the retailer’s 2011 launch of multibrand boutique TheCorner.com.

In August, PPR SA, one of the largest retail conglomerates in Europe, and Yoox Group, announced a joint venture targeting the global luxury apparel market. The new company, 51% owned by PPR and 49% by Yoox Group, is managing several PPR luxury brands’ online stores, including Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga and Sergio Rossi.

For the first nine months of fiscal 2012, Yoox reported:

The company's mono-brand business provides retailers and manufacturers with e-commerce platform management and support, order and content management, merchandising, marketing, and fulfillment services.

Topics:

Europe sales, Italy sales, Japan sales, North America sales, PPR SA, Q3 2012 earnings, Shoescribe.com, TheCorner.com, Top 500, web-only apparel retailer, Yoox, Yoox earnings, Yoox Group, Yoox.com

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