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MYT Netherlands Parent B.V. (MYTE)

NYSE - NYSE Delayed price. Currency in USD
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10.13+0.36 (+3.68%)
At close: 04:00PM EDT
10.13 -0.01 (-0.05%)
After hours: 04:00PM EDT
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  • Y
    Yahoo Finance Insights
    MYT Netherlands Parent B.V reached an all time low at 10.62
  • Y
    Yahoo Finance Insights
    MYT Netherlands Parent B.V reached a 52 Week low at 10.45
  • Y
    Yahoo Finance Insights
    MYT Netherlands Parent B.V reached an all time low at 10.60
  • Y
    Yahoo Finance Insights
    MYT Netherlands Parent B.V is up 8.22% to 12.24
  • A
    Alexander
    ahahaha, bought 1 share at IPO:)))
  • Y
    Yahoo Finance Insights
    MYT Netherlands Parent B.V is up 7.82% to 12.41
  • P
    PaulB
    Good day for buying.
    Luxury consumers shopped online more than ever in the past year, forced by coronavirus-related restrictions to stay away from city-center stores and airport duty-free concessions.
    e-commerce sales have skyrocketed, with many if not most brands reporting increases in online revenue.
    Online sales at Gucci's parent company Kering, for example, more than doubled in the third quarter, the last period it reported on. They rose by two-thirds at German premium-apparel company Hugo Boss AG in the same period, and increased by triple figures at Swiss group Cie. Financière Richemont SA in the second half of its fiscal year. As a whole, online luxury sales almost doubled in 2020 to account for 23% of the market, Bain & Company said in a recent report with Italian trade association Altagamma.
    Online channels will account for a third of total luxury sales by 2025, from 12% in 2019.
    "The pandemic has fast-forwarded changes that were already happening in the online world," said Francesca DiPasquantonio, Deutsche Bank's head of global luxury research. "Companies that were already better positioned and had invested [in the online channel] since a long way back, they've found themselves in the best place to benefit from this shift. Companies that have neglected this channel find it hard to catch up," she said.
    The global luxury goods market is expected to grow with a CAGR of 10% from 2019 to 2024.
    Earnings Date: 2/25/21
    $CPRI $TPR $LVMHF $JWN $WSM $FTCH
  • S
    Shyh-hann
    From: E*Trade:
    The price range for the offering has changed.
    Previous Price Range: $16.00 - $18.00
    Revised Price Range: $24.00 - $26.00
    The estimated number of shares being sold has remained the same.
  • B
    Bullish
    Luxury brands suffered during COVID pandemic because people stay home in pajamas.
  • D
    Dragan
    I like it. EU baby AMZN? German e-commerce. Check out those facts:

    "Munich, Germany-based Mytheresa was founded to develop a curated selection of luxury fashion brands that it carries on its ecommerce website.

    Management is headed by Chief Executive Officer Michael Kliger, who has been with the firm since 2015 and was previously VP International at eBay Enterprise and an Executive Director at Accenture.

    MYTE had over 486,000 customers in fiscal 2020 (June 30) and shipped nearly 1.1 million orders to 133 countries.".....
  • j
    james
    Shows being down 7% on fidelity what gives
  • D
    Dragan
    Will buy some under 30....
  • J
    Jerome
    Buy and hold this one long term
  • s
    salanic
    MYTE is stagnant now…I got some way better things to trade at (http://Achieverspot.tech) - check out!
  • J
    James
    Up today for reasons besides Barron’s telling sheep to go buy? Technically, the company isn’t yet profitable, so I’m scratching my head about today’s jump given that physical shops will be increasingly reopening.
  • P
    PaulB
    The lack of volume is shocking. Earnings THIS THURSDAY. Lack of volume will result in choppy trading to the upside for sure.
  • P
    PaulB
    Earnings in less than 2 weeks. I think will we see a nice run up. For over 30 years the Mytheresa store has brought the finest luxury fashion to Munich. Through this connection, their buying team has established close relationships with over 200 top tier international brands.

    Their Ultra-modern logistics center is located in Munich-Heimstetten, and makes it possible for them to provide reliable delivery to customers in over 133 countries worldwide within 72 hours.

    Michael Kliger, CEO "We are in a position of strength, underscored by our differentiated value proposition for brands and customers and our profitable growth that has proven to be enduring and scalable."

    They have over 860 employees, and their net income was $24.8 mil for the last 12 months.

    They also just teamed up with the Italian Trade Agency for a campaign spotlighting the Italian brands it carries on its e-commerce platform.
  • t
    too good
    bought 1,000 during upside correction this am...will be breaking 36, and then up to correlation with Farfetch on sales/price , which is a double. AND mute has net income vs losses for farfetched!!!
  • A
    Almabek
    Quite a humble IPO compared to Affirm and Poshmark.
  • v
    vasilis_kots
    Anybody know what time tjis starts getting traded???