While other luxury retailers continue to slide, Net-a-porter reported strong growth in 2008 and the first three months of this year.
For the year ended Jan. 31, pretax profits more than tripled to 10.1 million pounds, or $18.3 million, on a 47.8 percent increase in sales to 81.5 million pounds, or $147.6 million. This compares with pretax profits of 3 million pounds, or $6 million, on sales of 55.2 million pounds, or $110.5 million, a year earlier. Currency conversions were made at average exchange rates for the respective periods.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"