Giant luxury e-tailer Yoox reports 20 percent sales increase
Italian luxury e-tailer Yoox reports revenues up 20% to 319.3m euro for the first 9 months of 2013. Gross operating margin and net profit rose respectively to 21.5 million euro (+35.5%) and 3.5 million (+3.6%).
In terms of sales, North America has become the first market for Yoox, with a turnover of 73 million (22.9% of net revenues), an increase of 29.5%. In the third quarter, revenues in this area have accelerated by 41.7%.
Positive performance for the fourth consecutive quarter, even for Italy, thanks to the increased use of smartphones and tablets. In the first nine months, the Italian market grew by 15.1% and the percentage is even more positive if we consider only the third quarter (+16.1%).
Yoox manages exclusively the e-commerce sales of brands such as Armani, Zegna, Dolce & Gabbana and many of the brands of the Kering Group.