MILAN — Italian Internet fashion retailer Yoox SpA registered a 40.8 percent jump in consolidated revenues in 2010 to 214.3 million euros, or $282.8 million at average exchange, aided in great part by market growth across the globe as well as the addition of seven new online stores throughout the year.
Yoox’s Multi-Marca division, which includes the company’s two main multibrand Web sites, Yoox.com and Thecorner.com and accounted for 76.4 percent of sales in 2010, experienced an increase in sales of 31.8 percent to 163.7 million euros, or $216 million, compared to the previous year.
In 2010, the Bologna-based company launched seven new monobrand portals including Albertaferretti.com, Maisonmartinmargiela.com and Zegna.com, and in November, made its first foray into China with a new online store for Emporio Armani. This division, dubbed Mono-Marca by the company, saw an 80.5 percent leap in sales to 28.1 million euros, or $37 million.
Geographically speaking, figures were up across the board, particularly in North America and Japan, which saw surges of 64 percent and 51.8 percent, respectively.
Yoox’s 2010 full financial figures, including profits, will be released on March 9.