Saturday, September 26, 2020

YNAP records growth across all sectors


Yoox Net-A-Porter (YNAP) recorded a 17.7 per cent rise in net sales in its preliminary full-year report, boosted by sales of the luxury brand flagship stores it operates and strength in the Asia Pacific region.

This is the first full-year report for YNAP – which operates online fashion retailers Net-A-Porter, Mr Porter and Yoox – since Net-A-Porter and Yoox finalised a merger deal in 2015.

The company raked in €1.9 billion (£1.6 billion) in net sales during the full-year period ending December 31, and counted 28.8 million average monthly unique visitors, up from 26.7 million in 2015. 

While the average order value fell from €352 (£301) in 2015 to €334 (£286) in 2016 due to unfavourable exchange rates, total orders increased to 8.4 million compared to 7.1 million in 2015.

READ MORE: Yoox Net-a-Porter confident about growth in five-year strategy

Finally, sales of in-season stock were up by 13 per cent, while sales of off-price stock went up by 19.5 per cent in constant currency, compared to 2015.

In the fourth quarter alone, which covered the Christmas trading period, net sales were up 19.2 per cent to €538 million (£461 million). 

“YNAP performed robustly throughout 2016, accelerating in the last quarter compared to the first nine months on an organic basis,” YNAP chief executive Federico Marchetti said.

YNAP‘s preliminary report also came with the announcement that Matt Woolsey and Deborah Lee have joined the team as Net-A-Porter‘s managing director and chief people officer respectively.

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