Net A Porter Annual Sales Hit A Record High With Gratifying Results

In the earnings report released last November, Net-a-Porter has already made profits in the first half of fiscal year, and its sales growth has surpassed its average value in the parent company's peak group.

Net-a-Porter and competitors

A merger agreement was reached in March this year. It will be completed in September and become YooxNet-a-PorterGroup, and will be the executive chairman of the new company by Net-a-Porter founder and chairman NatalieMassenet (below).

The company's development speed is beyond her imagination. She describes the fashion industry's cooperation with retailers and brands over the next fifteen years.

The direction of cooperation with customers is evolving.

Massenet also points out that Net-a-Porter will continue to focus on "leading the market", "becoming an authoritative voice in the industry" and providing "best service" to customers and brand partners.

The famous luxury electric provider Net-a-Porter of CompagnieFinanci reRichemont disclosed details of the performance of the 2014/2015 financial year (up to March 31, 2015) in its latest document submitted to the British company registration office CompaniesHouse.

After years of losses, the net profit in the fiscal year was 1 million 800 thousand, while the net loss in the previous financial year amounted to 13 million.

The fourth quarter sales surged 33% year-on-year, year-on-year sales increased 22.8% to 650 million pounds, a record high.

Its three major e-commerce platforms Net-a-porter.com, TheOutnet and MrPorter have performed well.

Gross profit margin increased from 44.1% in the previous fiscal year to 45.3% in the whole year, mainly due to the upgrading of full commodity sales rate and infrastructure investment (especially in Hongkong's newly established distribution center), strict cost control and sales growth;

From a regional perspective, Europe accounted for 45% of the total sales, followed by the United States, accounting for 31%, and Asia and the rest of the world accounting for 24%.

In terms of sales growth, the US and the UK were leading by 27% and 24% respectively.