Anna Sui Kissing Leaves Bow top $334 from Net-a-porter
3.1 Phillip Lim Rosette Tank Dress $445 from Net-a-porter
Kate Corcoran reports for WWD that Net-a-porter’s revenues keeping going up: almost 75%. After almost seven years as one of the premier online retailers this is more than a bit of good news for the purveyor of luxury goods. Perhaps it will send a message to retailers that haven’t faired as well, like Gap, whose recent showings weren’t as inspiring. The message: stick with what you know. Net-a-porter knows designer style and the Gap is the place for khakis and t-shirts. Not rocket science.– Joanne Molina for Second City Style
Net-a-porter Revenue Up 74.6%
Thursday, May 31, 2007
By Cate T. Corcoran
executives said that for the fiscal year ended Jan. 31, profits before
taxes rose 61.5 percent, to 2.1 million pounds, or $4 million, from 1.3
million pounds, or $2.2 million, despite the expense of opening a
distribution center in New York in the third quarter last year.
Revenues grew even faster, rising 74.6 percent, to 37.2 million pounds,
or $72 million, from 21.3 million pounds, or $37 million.
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