Mytheresa, the Munich-based online luxury retailer, reported Q1 results Tuesday, with gross merchandise value (GMV) increasing nearly 21% to almost €198 million and net sales growing more than 11% to about €176 million.
Why it matters: It reflects how online luxury sales overall are growing in the double digits, compared with e-commerce, which increased 6.8% year over year in the U.S. during Q2, according to the U.S. Census Bureau.
