Mytheresa news and archive

Mytheresa records GMV and sales growth in Q3

MYT Netherlands Parent B.V. (Mytheresa) reported GMV growth of 17.8 percent to 219.8 million euros in the third quarter compared to the prior year period. Net sales for the quarter increased 17.3 percent to 198.9 million euros. Gross profit margin was 45.6 percent compared to 48.8 percent in the prior year period. Commenting on the company’s...

Business

Mytheresa warns ‘macro headwinds persist’ in Q3 preliminary results

German e-commerce luxury platform Mytheresa announced its preliminary unaudited financial results for Q3 ended March 31, 2023, as well as an updated outlook for the full fiscal year, ending June 30, 2023. In the report, the company said “macro headwinds persist and continue to affect consumer sentiment”, which was reflected in the results for...

Fashion |In Pictures Featured

Mytheresa spotlights Chinese designers with exclusive collections

Luxury e-commerce platform Mytheresa is launching four exclusive capsule collections as part of its China Designer Programme to give emerging designers from the region global exposure. The initiative debuts with four womenswear collections from Susan Fang, Didu, Jacques Wei and Xu Zhi, described by Mytheresa as the “new generation of Chinese...

Business

Mytheresa Q2 GMV grows 7.8 percent

German luxury retailer Mytheresa has reported a 7.8 percent increase in gross merchandise value (GMV) in the first quarter of the year. In the three months to December 31, GMV came in at 215.9 million euros, up from 200.2 million euros a year earlier. That came as net sales rose 1.3 percent to 190.1 million euros. However, the Munich-based...

Fashion |In Pictures

In Pictures: Nensi Dojaka launches first bridal capsule via Mytheresa collaboration

Albanian-born designer Nensi Dojaka has unveiled her first-ever bridal capsule collection via a collaboration with the luxury online retailer, Mytheresa. The 24-piece line is exclusively available on Mytheresa’s e-commerce website, alongside a dedicated editorial story directed by the retailer’s chief creative officer Julian Paul. Nensi Dojaka's...

Fashion |In Pictures

Mytheresa unveils latest capsule collection with Balmain

Luxury online retailer Mytheresa has unveiled its third exclusive capsule collection with Parisian fashion house Balmain. The 14-piece capsule party wear collection is all about “confidence-boosting silhouettes,” explains Balmain, with padded shoulders and transparent illusions seen across bodysuits and cropped tops adorned with sequins and...

Mytheresa Q1 GMV up 21 percent, EBITDA narrows

Luxury e-commerce platform Mytheresa has reported a 20.8 percent increase in gross merchandise value (GMV) in the first quarter of the year. The German retailer posted a GMV of 197.9 million euros in the three months to September 30, up from 163.9 million euros a year earlier. That came as sales increased 11.4 percent to 175.9 million euros. The...

Business

Mytheresa Q4 GMV up 18 percent, profits widen

Luxury e-commerce platform Mytheresa has reported an 18.2 percent increase in gross merchandise value (GMV) in the fourth quarter of the year. In the three months to March 31, GMV came in at 196.7 million euros compared to 166.4 million euros a year earlier, while net sales increased 7.7 percent to 12.5 million euros. The German retailer...

Business

Mytheresa and Vestiaire Collective expand resale partnership to US

A second-hand fashion service by luxury e-tailer Mytheresa and resale platform Vestiaire Collective has been expanded to the US market following its initial launch in Europe last year. The tie-up allows Mytheresa customers to use a dedicated web interface to sell their second-hand items, the process of which is run by Vestiaire Collective....

Business

Mytheresa appoints Steven Xu as president for China and Asia Pacific

Luxury e-commerce platform Mytheresa has announced the appointment of Steven Xu as its president for China and Asia Pacific, effective July 1. Xu, who previously served as vice president of digital marketing and e-commerce APAC at Ralph Lauren, will be bringing extensive experience in consumer-centred digital experiences. He has also held...

Business

MyTheresa posts increase in Q3 GMV and sales

For the third quarter, MYT Netherlands Parent B.V., the parent company of Mytheresa Group reported GMV increase of 13.2 percent to 186.6 million euros. The company’s net sales for the quarter increased 4.7 million euros or 2.9 percent to 169.5 million euros, which MyTheresa said was slower than GMV due to planned switches of brands to the...

BusinessFeatured

Mytheresa Q3 GMV up 13 percent, US market shines

German luxury retailer Mytheresa has reported double-digit GMV growth in the third quarter, with its US market performing particularly well. In the three months to March 31, the company’s gross merchandise value (GMV) came in at 186.6 million euros, representing a 13.2 percent increase from a year ago and a 67 percent increase from two years...