YOOX Net-a-Porter (YNAP), world’s leading online luxury fashion retailer, has disclosed its fourth quarter and full year sales. Its net sales during the year ending December 31, 2016 soared 17.7 per cent on a like-for-like basis to € 1.87 billion. On a reported basis, net sales however increased by 12.4 per cent to £ 1.6 billion.
Sales in the fourth quarter zoomed 11.4 per cent to £ 460 million. YNAP also recorded 28 million unique visitors last year against 26.7 million in 2015. The number of orders also increased by 18 per cent to £ 8.4 million. Lifted by sales of the luxury brand flagship stores it operates and strength in the Asia Pacific region, the company’s revenue was up to £ 1.871 billion in 2016.
In the UK, full-year revenue rose 2.3 per cent on a reported basis to € 269.9 million. During its fourth quarter, its net sales improved 19.2 per cent on a like-for-like basis to € 538 million; however, revenue from the region dropped 1.7 per cent on a reported basis to € 78.2 million during the period.
Also Read – Sportswear giant Under Armour’s revenue soars 12%
“YNAP performed robustly throughout 2016, accelerating in the last quarter compared to the first nine months on an organic basis,” commented Federico Marchetti, Chief Executive Officer of the company.
Bharat Tex Special Report 2026 
