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Mytheresa improves and reduces its losses in the third quarter

Mytheresa improves and reduces its losses in the third quarter

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Mytheresa was resilient in the third quarter of its 2021/2022 financial year, which ended in March.

 

The German platform specialising in luxury fashion for the whole family, with more than 200 houses in its portfolio, saw its sales grow by 3% to 169.5 million. And the performance improves when you look at the gross merchandise value (GMV), up 13% to €186.6 million. And even 42% in the United States, where Mytheresa is enjoying phenomenal success in Florida and Texas. The GMV, it should be remembered, also includes the revenues generated by the partner brands of the Mytheresa online shop, as part of the Curated Platform Model (CPM). With this new business model launched at the end of 2021, Mytheresa continues to select products but no longer buys products in bulk, which are delivered directly by the houses to the customer.

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Featured photo : © Mytheresa

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