Yoox

[type-r]

They probably don’t even know what they will do but as of now. The current thinking is that YOOX and the Outnet will combine and stay on the existing YNAP platform tech. NAP and MP will transition to MT platform tech and there will be much more brand. And customer segmentation: MT super high-end while MP and NAP focus on more accessible luxury.

It’s really too soon to speculate. It will still be heavily financed by Richemon. Off-price is a good business it’s just not profitable lately due to complexity.

Yep, completely agree with you. The next year or two will be interesting to watch.

 

[styleforumfan]

And customer segmentation: MT super high-end while MP and NAP focus on more accessible luxury.

To me MT and Mr P look more or less the same in terms of menswear selections: from accessible luxury to super high end.

 

[single_origin]

An optimistic view is that with MT together with Yoox and Outnet, it'll mean there'll be more stock from MT making their way there. Cos MT's sales are pretty stingy (a lot of good stuff is only discounted ~30%).

 

[type-r]

Whilst not directly related to YOOX, I sometimes also shop at POPPRI (an eBay store). I think most people are aware of POPPRI (a Lithuanian based company with roots originally in the UK). They would be best described as a YOOX-reject store. Often a lot of their stock are ex-YOOX listings, new but defective in some way (stains, holes, scratches etc) or they are damaged-repaired items or items can sometimes be missing something like a button or a hood etc.

But there are also listings of brand new items and often go for a fraction of the price of even Yoox!

3 main downsides for me:

1. Their packing of expensive items is often in inexpensive black parcel bags. Whilst I've never had an issue, when you are used to items being packed in sturdy boxes, it can be disappointing. They used to send items in boxes but I guess they are sending packages more economically these days behind an environmental message!

2. Returns can be a hassle and pricey - you often have the original shipping deducted plus the cost of returning the item, which is organised by you with no pre-paid shipping labels etc. So you have to be absolutely sure both on sizing and need/want, to avoid returns. They do at least provide very good sizing info.

3. Customs and VAT are NOT included in final sale price. This is where YOOX has a distinct advantage together with their reasonably hassle-free returns process. So as a UK customer it's something additional to factor in on the final price.

POPPRI aren't as good as they used to be. Previously were consistently at 100% feedback but now they seem to have downsized staff, use far less models (which is fine by me) and use stock pictures often taken from YOOX. The standards have dropped a bit in light of a difficult market since 2020 and that is reflected in service and sometimes description of items. Also previously they used to start auctions at 99p with no reserve... but those days are gone (understandably, as a lot of pieces look like they end up selling well under POPPRI's cost price).

Still some major bargains to be had if you shop around. Another glorified TK/TJ Maxx but with potentially even more bargain buys than YOOX.

 

[trndsttr]

Prices have gone up across the board after the announcement. Looks like they did away with the weekly extra 10-30% on select items as well. No more deep discounting. RIP Yoox.

Deal has been announced but needs a few months to close. Will be business as usual until then. Also - Yoox is having a discount this week and while many items went up in price, there were a few that went down in price + have the extra 20%.