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Sep
2013

Luxury e-commerce market performance

The cooling of the luxury sector in China that began in 2012 has definitely had a knock on effect on the e-commerce market, although Chinese sites have suffered more than their international luxury e-commerce counterparts.

According to its 2013 1H report, Yoox made a 207 Million Euro profit, a year-on-year growth of 22.8%. Its growth in Italy and the US were 18.5% and 30.8% respectively, the results across all its other regions including China reached 63%. Richemont’s luxury online retail provider Net-A-Porter also achieved double-digit growth, Asia being a major contributor. …

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