News
« U.S. First Quarter GDP Revised Downward | | Tiffany & Co.'s Q1 Sales, Net Income Sparkle »
May 31, 2007
Net-a-porter Nets Major Growth
Luxury e-tailer Net-a-porter reported a revenue surge of nearly 75 percent to $72 million for its last fiscal year. The increase was attributed to a rapid expansion in its customer base.
Net-a-porter said that consumers are becoming more accustomed to buying luxury clothing online and that it’s average order value is around $1,000.
Blacks’s Take: The company’s success should be encouraging news for luxe retailers who are contemplating a move online.
Posted by Blacks on May 31, 2007 09:42 AM
Comments
Post a comment