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Mytheresa Posts Profit, Sales Growth

Mytheresa is introducing a new inventory model. Getty Images. — Mytheresa saw sales and profit growth. Getty Images. (Edward Berthelot)

By

Joan Kennedy

11 November 2021

The German luxury e-commerce retailer said net sales rose 24.9 percent year-over-year to €157.8 million ($180.6 million), and gross merchandise value increased 29.7 percent for the first quarter ended Sept. 30 2021. Net income was €8.2 million ($9.4 million), up from €5.4 million in the prior year period. Mytheresa confirmed its full year guidance, but raised expectations for net sales to be between €700 million and €750 million.

Learn more:

Mytheresa’s New Model for Working With Brands

The German online luxury retailer is introducing a new model that will see it hold inventory from brands without buying it and still get to carefully curate its offering to shoppers.

About the author

Joan Kennedy

Joan Kennedy is Correspondent at The Business of Fashion. She is based in New York and covers beauty and marketing.

In This Article

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Luxury

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