Retail in Asia

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YOOX 2011 turnover up 10pc

Italy-based luxury e-tailer, the Yoox Group, closed 2011 with a net profit of EUR10 million (USD13.2m), upping by 9.7 percent from the previous year. Earnings before tax (EBITDA) rose by 28.4 percent to EUR24.1m.

In 2011 the Italian group’s revenue increased by 35.9 percent to EUR291.2m, as the managers of Yoox advanced in early February. Moreover, during the fourth quarter, consolidated net income amounted to EUR86.8m – up 36.6 percent compared with the same period last year – while net profit reached EUR6.4m due to an increase of 25.2 percent.