Mytheresa profits slip as luxe fashion demand slows
Luxury fashion retailer Mytheresa posted an increase in sales despite a slip in profits during the quarter as demand by its “aspirational customers across all geographies” slowed.
Mytheresa posted an adjusted EBITDA loss of €800k (£692k) as well as an operating loss of €13.2m (£11.4m) for the three months to September 30, 2023. Net sales during the quarter were up 6.8% from €175.9m (£152.2m) in 2022 to reach €187.8m (£162.5m).
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