Thursday, June 20, 2019

YNAP sales skyrocket as it demonstrates “superiority” over market


Online fashion retailer Yoox Net-a-Porter (YNAP) has revealed stellar full year results for last year as it “consolidated its leading position”.

Net sales across the group skyrocketed 17.7 per cent to £1.6 billion, while adjusted EBITDA rose a further 17 per cent to £133.8 million.

Adjusted net income for the 12 months to December 31 shot up by 16 per cent to £59.18 million.

Off-season revenues rose by nearly a fifth alongside an in-season revenue rise of 16 per cent. The gross value of YNAP‘s flagship online stores also rose by nearly a quarter.

The group’s customer base also showed healthy growth, as monthly unique visitors rose from 26.77 million in 2015 to 28.8 million last year. Orders also increased to 8.4 million from 7.1 million a year prior.

READ MORE: YNAP records growth across all sectors

Basket value was the only measure to show decline, from £301.90 to £286.47, attributed to poor exchange rates.

“In 2016 YNAP consolidated its leading position with a robust performance and growth in profitability,” YNAP chief executive Federico Marchetti said.

“We continue to demonstrate our superiority across all the sectors in which we operate. 

“Our unique service, unbeatable product selection, outstanding content and continuous innovation make us the first destination of choice for customers who trust us as a leading fashion authority.

“Constantly evolving, we are building the luxury retail ecosystem of the future, providing luxury brands with bespoke partnerships.”

Click here to sign up to Retail Gazette’s free daily email newsletter