Mytheresa

Mytheresa FY sales rise 9.8% to €840.9m

Luxury multi-brand digital platform, Mytheresa, has reported that net sales rose by 9.8% to €840.9m (£709.7m) for the year to 30 June after its fourth quarter performance drove “significant” improvements in the second half.  Gross merchandise value at the group also rose by 7.1% to €913.6m (£771m) compared to the…

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Today’s news in brief-16/5/24

Natura and Co is considering separating from Avon after experiencing a significant increase in losses during the first quarter. The group’s net loss rose by 43.3% to BRL934.9m (£143.6m), compared to BRL652m (£100m) the previous year, while sales declined by 5.7% to BRL6.1bn (£937m). Avon International’s sales fell by 13.1%…

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Mytheresa sales rise 17.6% to €233.9m in Q3

Luxury retailer Mytheresa reported a 17.6% net sales increase to €233.9m (£200.6m) for the third quarter ended 31 March.  Gross Merchandise Value (GMV) increased 14.7% to €252.2m (£216.3m) compared to €219.8m (£188.5m) in the prior year period.  Gross profit also increased 12% to €101.6m (£87.1m) with a 43.4% gross profit…

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Today’s news in brief-19/4/24

Wilko, the retailer that faced collapse last September, is back with a revamped click and collect service. After successful trials in Exeter, Luton, and Plymouth, the company is reintroducing its free click and collect option. Customers can now access this service from reopened stores and over 200 collection points through…

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Mytheresa FY24 guidance ‘at lower end’ despite healthy Q3 sales

Mytheresa has confirmed that its guidance for FY24 to 30 June will be “at the lower end” of its estimated range of 8% to 13%, despite the group expecting Q3 sales to have increased between 15% and 18% year-on-year.   Sales are predicted to show growth of between €230m (£197m) and…

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Today’s news in brief-4/4/24

In March, UK retail footfall experienced a modest increase of +1.7% compared to February, signalling a stabilising trend according to MRI data. Retail parks led the rise with a +4.3% increase. Despite mid-month declines, the week leading to Easter saw footfall rise by +10.3%. Although impacted by weather and holiday…

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Mytheresa mulls bid for Yoox Net-a-Porter

Mytheresa is reportedly among possible bidders who are looking to acquire underperforming ecommerce business Yoox Net-a-Porter from Swiss luxury group Richemont, the Financial Times has reported.  News of the bid comes as Richemont has been looking for a new buyer for the business since a deal to sell a 47.5%…

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Mytheresa outperforms market despite falling profits

Luxury clothing retailer Mytheresa has hailed its Q2 performance as it said it “outperformed almost all competitors” despite posting an operating loss of €4.4m (£3.7m). For the second quarter ended 31 December 2024, Mytheresa said it saw solid growth with Net Sales increasing +8.3% on a constant currency basis despite…

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Mytheresa sales rise by 11% to €768.6m in FY23

German luxury fashion retailer Mytheresa has reported a net sales year-on-year increase of 11.4% to €768.6m (£659m) for the period ended in June 2023.  During the full year, the company saw a Gross Merchandise Value (GMV) growth of 14.5% to €855.8m (£733.7m), compared to €747.3m (£640.7m) in 2022. Adjusted EBITDA…

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From Vestiaire to Vinted: Why retailers must join the resale revolution

The resale market is booming – growing 11 times faster in fact than the wider retail fashion sector, and predicted to be worth $84 billion by 2030, more than double that of the fast fashion market’s $40 billion expected valuation for the same year. The pandemic has undeniably driven two…

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