Online retailer Yoox Net-a-Porter has revealed its profit numbers post-merger as an increase of 50% — from €21,500,000 EUR (approximately $29,000,000 USD) to €32,400,000 EUR (approximately $36 million). Along with the profit numbers, the company announced its plans to close Shoescribe and The Corner multi-brand sites in order to minimize its loss of revenue in the upcoming year. Users who visit these sites will thus be redirected to either Yoox, Net-a-Porter and The Outnet sites to resolve the issue of overlapping customers and brands. While stringent on releasing its numbers after the merger announced this past March, this decision along with its financial strategies, the action to reallocate staff of the consolidated sites into the group staff, and the upcoming holiday campaigns will all contribute to a further expected increase in business growth for the remainder of the year.
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Diemme x Vault by Vans 2014 Holiday Collection
Pairing Italian craftsmanship with premium materials and classic silhouettes is the latest collaboration from Diemme and Vans. Featuring both the Era and Sk8-Hi, the Holiday 2014 collaboration sees each of the shoes decked out in luxurious Horween leather with both tonal and two-toned looks, as well as waxed cotton laces and subtle il Tricolore branding patches. Retailing for $300 to $350 USD, the Diemme x Vault by Vans Holiday 2014 Collection will be available this November in limited quantities at select Vault stockists.
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