Luxury Electric Business YNAP Sales Increased By 11.8% Over The Same Period Last Year.

According to the data released by the group in Milan on Monday closing, its annual sales exceeded 2 billion euros, an increase of 11.8% over the same period last year, and sales of mobile terminals accounted for more than 50%; official website visits reached 840 million passengers (715 million last year) and orders reached 9 million 500 thousand.

"This year's performance has been excellent, especially the three platforms of Net-a-Porter, Mr Porter and Yoox.

The revenue of The Outnet has been temporarily affected by the relocation of the logistics center, but the supply of products has been restored, and sales will soon catch up.

Group CEO Federico Marchetti said in an interview.

However, the growth rate of YNAP is slowing compared with the 17.7% growth rate in fiscal year 2016.

It still faces pressure from rival Farfetch, which has a total revenue of 151 million 300 thousand euros in 2016, but its growth rate is as high as 74%. The growth rate of Farfetch is 81%, which is as high as 74%.

According to the world clothing and shoe net, in January 16th, Net-A-Porter and Mr Porter also announced that they would launch two capsule systems from Balenciaga from 22.

According to the business sector, the net revenue of Net-A-Porter and Mr Porter, which is specifically used to sell positive prices, has increased by 18.3%, and the total sales volume has reached 1 billion 100 million euros, accounting for 51.8% of the group's total.

If the websites of Thecorner and Showscribe, which had been shut down in August 31st last year, were added, the increase was 11.9%. Two.

In the past year,

Net-A-Porter and Mr Porter also benefit from the more open attitude of the third party business cooperation.

The former attracted many new cooperative brands, including Ala, a, Cartier, Boucheron, Tag Heuer and so on. In addition to releasing Mr Porter x Gucci capsule series, the former launched its own brand Mr Mr in the fourth quarter.

In addition, in September last year, Net-a-porter and Mr Porter launched the "You Try, We Wait" delivery service in London, which has also covered New York and Hongkong in the fourth quarter of last year.

In January 16th, Net-A-Porter and Mr Porter also announced that they will launch two capsule series from Balenciaga on 22.

This is also the co operation of Demna Gvasalia as a creative director of the brand.

Limited series.

In the discount electricity sector, sales of Yoox and The Outnet increased 13.3% to 789 million 600 thousand euros, accounting for 37.8% of the group's total sales.

Yoox added two brands of Versace and Sergio Rossi in the fourth quarter, while The Outnet added Altuzarra and Tabitha Simmons.

In addition to positive electricity providers and discount providers, YNAP is most concerned about its B2B business, "Online Flagship Stores", which is the online store for product and designer brand building, operation and management.

At present, YNAP customers include Armani, Valentino, Isabel Marant and Marni.

From June this year, it will also operate its online store for Ferrari.

Last year, the net revenue of the business sector was 217 million 500 thousand euros, up 5.9% from the same period last year, accounting for 10.4% of the group's total revenue. GMV grew by 20.8% over the same period last year.

From a geographical perspective, North America is still the YNAP market, with total revenue reaching 632 million 200 thousand euros last year, up 12.8% over the same period last year.

The Asia Pacific region is still the fastest growing market, with revenue growth of 22.2% last year, reaching 3.558 billion euros.

In the UK, YNAP's net revenue increased by 13.7% to 286 million 800 thousand euros.

Italy is a European country with revenue growth of 14% to 142 million 600 thousand euros, and the growth of other European markets by 12.4% to 548 million 600 thousand euros.

In addition to the markets in North America, Asia Pacific and Europe, net revenues last year totaled 125 million 100 thousand euros, an increase of 12%.

At the end of November 2016, YNAP announced the establishment of a joint venture with Symphony Investments, the Mohamed Ali Alabbar of the UAE, to take charge of all the business of the group in the Middle East market.

Last year, Yoox also had a good performance in the market.

YNAP group's detailed earnings report will be released in March 6th this year.

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