As the premiere online luxury fashion shopping destination, Net-A-Porter has earned itself an increase of 55 percent of its sales, which is (obviously) a sign that the company is faring unbelievably well in this time that many are calling a recession. Maybe it's the way they present the current fashions and trends, or maybe it's tremendous marketing, but whatever caused the increase needs to keep being done, because it sure is being done right.
Net-A-Porter, the online luxury fashion destination, experienced a 55 per cent rise in sales last year, from £238 million to £368 million, reports the Mail on Sunday.
However, the site also made a loss of £27 million following investments in the business - including the purchase of Asian online fashion dealer Shouke for £6.6 million, which was bought to help the British-born site crack the Chinese market, and £22.9 million spent on setting up automated distribution centres in the U.K. and US. Read More