88 795
Fashion Jobs
JANIE AND JACK
General Manager
Permanent · DURHAM
ESSILORLUXOTTICA GROUP
Account Executive - Southeastern MA
Permanent · TAUNTON
ESSILORLUXOTTICA GROUP
Essilorluxottica Wholesale - Sales Representative
Permanent · TAMPA
MICHAEL KORS
PT Sales Supervisor
Permanent · LEXINGTON
HAND & STONE
General Manager
Permanent · NOLENSVILLE
CALERES
Associate Manager - Famous Footwear
Permanent · FAIRBANKS
CALERES
Associate Manager - Famous Footwear
Permanent · CARROLLTON
CALERES
Associate Manager - Famous Footwear
Permanent · MINNEAPOLIS
EXPRESS
Operations Expert
Permanent · TULSA
EXPRESS
Associate Manager
Permanent · KATY
BUCKLE BRANDS
Operations Manager
Permanent · GREEN BAY
BUCKLE BRANDS
Operations Manager
Permanent · LONE TREE
CONDÉ NAST
Copy Manager
Permanent · NEW YORK
CONDÉ NAST
Associate Manager, Creative Strategy, Health
Permanent · NEW YORK
WILLIAMS SONOMA
General Manager | King of Prussia | West Elm
Permanent · KING OF PRUSSIA
PANDORA
vm Operations Analyst
Permanent · NEW YORK
FOOT LOCKER
Associate Manager, Owned Media Strategy (Remote)
Permanent · TAMPA
KATIE LOXTON
us Sales Manager - Fashion Accessories, Jewelry And Gifting
Permanent · MOORESVILLE
L'OREAL GROUP
Executive Asst i - Cdmo Digital And Svp Finance, Ppd
Permanent · NEW YORK
L'OREAL GROUP
Assistant Vice President, Marketing, Matrix Hair Color
Permanent · NEW YORK
JCPENNEY
Asset Protection Manager Kansas City, MO
Permanent · KANSAS CITY
MACY'S
Director, User Experience - Design
Permanent · NEW YORK
By
Reuters
Published
Aug 6, 2010
Download
Download the article
Print
Text size

Yoox H1 net doubles, confirms positive outlook

By
Reuters
Published
Aug 6, 2010

MILAN, Aug 5 (Reuters) - Italian online fashion retailer Yoox (YOOX.MI) confirmed expectations for a profit increase in the second half of 2010 on Thursday, as more shoppers are snapping up high-end clothes from their homes.

Yoox
www.yoox.com

Net profit more than doubled to 3.3 million euros ($4.33 million) in the six months to the end of June, helped by a strong performance in all key markets.

"It is reasonable to assume that the group can confirm an increase in net revenues and profitability compared to the second half of full-year 2009," the company said in a statement.

Yoox powers sites for fashion groups such as Valentino and Emporio Armani alongside its own multibrand websites.

Net revenues jumped 39.2 percent to 46.3 million euros in the second quarter, above expectations of 45.77 million euros forecast by three analysts polled by Reuters I/B/E/S.

The average number of monthly unique visitors grew 34 percent to 8.1 million users in the six months.

First-half revenues were 96.6 million euros, up 41.4 percent, while second-quarter net profit came in at 1.4 million euros, up 27.2 percent.

British rival ASOS (ASOS.L) reported a 54 percent rise in first-quarter sales, confirming a potential for growth also seen at other online retailers such as Net-a-Porter (CFR.VX).

Yoox shares were up 1.57 percent at 6.45 euros, outperforming a slightly negative Milan market index. .FTITLMS

(Reporting by Antonella Ciancio, Editing by Mike Nesbit) ($1=.7620 euros)

© Thomson Reuters 2024 All rights reserved.