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Yoox Net-a-Porter Tech Update Causing Richemont Sales Slump

16 days ago   |   By Hypebeast

Net-a-Porter and Yoox have been dominating the luxury e-commerce space for nearly two decades, Business of Fashion recently released a detailed report that explains how the now Yoox Net-a-Porter Group is actually struggling to meet sales targets and hindering parent company Richemont 's growth. YNAP has been going under a major technology overhaul that originally promised to double sales to approximately $4.4 billion USD in five years. The strategy was to create a single technology platform that YNAP's subsidiaries, Yoox, Net-a-Porter, Mr Porter and The Outnet, would share, using...
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