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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
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