By  on March 5, 2013

MILAN — Italian online retailer Yoox Group closed 2012 with gains in profitability and sales, boosted by growth in all markets and at both its monobrand designer stores and its multibrand channel.

In the 12 months ended Dec. 31, net profit rose 1.8 percent to 10.2 million euros, or $13 million, compared with 10 million euros, or $13.9 million, in 2011, despite higher financial expenses and a 72 percent increase in depreciation and amortization attributed mainly to investments in innovation and technology, and the automation of the central operations and distribution platform.

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