The company's global online sales of footwear reached €12.5 billion in 2011 and are expected to increase to €20.3 billion by 2015, thanks in part to its new shoescribe.com online store.
Meanwhile, Yoox continues to boost its web hosting services. Confirming in part a rumor, Yoox said it is holding commercial discussions with PPR, the parent company of Gucci and many other brands, about possible cooperation in an e-commerce project.
The Italian online retailer said it will launch by the end of June an online store for the Alexander Wang and T by Alexander Wang brands for sales in the Asia-Pacific region including Japan, China and Hong Kong. The collections available on the website will also be accessible through Yoox's multibrand site, thecorner.web. Yoox already hosts 30 single-brand online shops, the most recent one being the virtual store of dsquared in China. Earlier this year, it launched those of Barbara Bui and Pringle of Scotland.
Yoox finished the first quarter with a 30.5 percent increase in sales to €91.0 million. But, the Ebitda margin narrowed to 5.9 percent from 6.2 percent and the net margin slipped to 1.4 percent from 2.4 percent. Its single-brand online stores represented 29.8 percent of the total turnover, up from 24.1 percent a year ago.
In the quarter, the number of unique visitors per month rose to 13.4 million from 9.6 million a year earlier. The number of orders placed by them increased to 586,000 from 526,00 and the average order value rose to €199 from €169.
The company plans to launch its yoox.com multi-brand site in China in the fourth quarter of this year.