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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)

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.

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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.

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