Net-a-Porter Grows 48% to $134 Million
Jul 1st, 2009 by admin
The British luxury online fashion merchant Net-a-Porter has raised their revenues in 2008 to the level of 81.5 million pounds ($134 million). "The strength of online shopping for those that can get the business model right has been underlined by Net-a-Porter, the web-only luxury fashion retailer, which more than trebled pre-tax profits last year.
Picture of The Shop Exchange: Net-a-Porter Grows 48% to $134 Million [source:excitingcommerce.com]
According to accounts filed with Companies House, the privately held London-based business increased sales by 47.8 per cent to 81.5m in the 12 months to January 31.
While high street rivals were battered by recession, Net-a-Porter increased its pre-tax profits from 3m to 10.1m during the period.
Growth has continued into 2009 with trading for the first 13 weeks of the year up 45.3 per cent over the same period in 2008, according to Mark Sebba, chief executive."
Net-a-porter has very recently launched their spinoff TheOutnet.com:
To compare: ASOS has pulled further ahead of Net-a-porter in England and has doubled their revenues in the last fiscal year 2008/09 from 81 million pounds to 165 million pounds ($271 million).
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.[source:excitingcommerce.com]
Related posts: