Fashion e-commerce Farfetch’s total revenue in the first quarter increased by 90%

On May 14, Farfetch, a fashion e-commerce company, released its financial report for the first quarter of 2020 as of March 31.Summary of the report, Farfetch’s total turnover reached 6.1.1 billion US dollars, an annual increase of 45.7%; total revenue is 3.US $ 3.1 billion, an annual increase of 90%; a net increase of US $ 79.18 million, a net breakthrough of US $ 77.69 million in the same period last year, an annual increase of about 2%; active users of digital platforms increased from 1.7 million to 2.15 million.After the release of the financial report, as of the close of May 14, Farfetch continued to grow by 2.06% to a maximum of 15.$ 89, with a total market value of 54.01 billion US dollars.In terms of business, the number of reports and the total revenue of Farfetch’s associated digital platforms reached 2.1.5 billion US dollars, store revenue reached 8.52 million US dollars, brand platform revenue reached 1.USD 0.7 billion.Among them, the brand platform’s revenue mainly comes from New Guards Group (NGG).NGG is Off-White, Palm Angels and other tide brand management platforms. In August 2019, Farfetch announced that it would be 6.Acquired NGG for US $ 7.5 billion.Farfetch said that during the epidemic, long-term department stores and boutiques that cooperated with the platform were temporarily closed, but it did not have a substantial impact on Farfetch’s transactions.On the Spring / Summer 2020 clothing on the Farfetch website, 85% of the merchandise has multiple sources.In addition, at the end of the first quarter, the Chinese market recovered, but Farfetch’s sales growth trend in the European and North American markets, due to the increased resilience of e-commerce in the face of the epidemic, Farfetch’s turnover still maintained growth.Sauna, Night Net Liu Jiaqi Picture Farfetch official website screenshot editor Li Zheng proofreading Li Xiangling