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Net-a-Porter reports strong growth

Net-a-Porter saw pre-tax profits more than treble to £10.1 million for the year to January 31, further demonstrating that internet fashion businesses are bucking the downturn.

Net-a-Porter recorded a sales rise 47.8% to £81.5 million over the year and said that sales had continued to perform well in the new financial year. Trading for the first 13 weeks of 2009 were up by a further 43.5%.

During the last year Net-a-Porter, which was founded by Natalie Massenet in 2000, is reported to have experienced its first £1 million sales day and its first week of taking more than 10,000 orders.

Yesterday the British Retail Consortium reported hthat internet and mail-order sales in May were 7.6% up on last year. Retail sales from bricks and mortar stores rose just 0.8%.

Net-a-Porter chief executive Mark Sebba told The Financial Times: “Predicting the outcome for 2009 is even harder than ever, but we believe the fundamental strengths of an ever more impressive brand and product line-up coupled with a growing international customer base, will stand us in excellent stead.”

Earlier this year Net-a-Porter launched a designer discount site called theOutnet.com.

 

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