MILAN — Boosted by growth across all geographical markets and the launch of an additional six online stores, Italian Internet fashion retailer Yoox SpA said revenues in 2009 jumped 50 percent to 152.2 million euros, or $211.5 million at average exchange rates.
The Bologna-based Yoox controls multibrand stores Yoox.com and Thecorner.com, which reported a 44 percent rise in sales to 124.2 million euros, or $172.6 million, accounting for 81.6 percent of total revenues in the fiscal year ended Dec. 31.
Yoox also manages online stores for 16 fashion brands, which registered sales of 28.1 million euros, or $39 million, up 81.7 percent compared with the previous year. Online stores launched last year include ones for Bally, Moschino, Dolce & Gabbana, Dsquared, Jil Sander and Roberto Cavalli.
“These results are in line with our expectations,” Federico Marchetti, president and chief executive officer, told WWD. “We forecast a strong growth for the period.”
Yoox showed a positive performance globally. In particular, sales in Italy rose 37 percent, while revenues in the rest of Europe grew 50.3 percent, bolstered by brisk business in France, Germany and the U.K. The U.S. posted a 57.4 percent uptick. “We have been focusing on the U.S., which is quickly becoming our second market after Italy,” said Marchetti.
Yoox entered the North American market about six years ago, and Marchetti said the company has been “consolidating its presence” and building a strong organization there, also appointing a country manager in August to better penetrate the market.
Sales in Japan rose 90.5 percent, benefitting from the local structure built there in the second half of 2008.
Shares closed Monday up 0.38 percent at 5.30euros, or $7.24 at current exchange rate.
Yoox’ 2009 full financial figures, including profits, will be released on March 11.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)