THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Zalando hails strong first half performance

Online fashion retailer Zalando has expanded its customer base by 20.4%  in the first half of 2020 and now has more than 34 million active customers… View Article

FASHION RETAIL NEWS UK

Zalando hails strong first half performance

Online fashion retailer Zalando has expanded its customer base by 20.4%  in the first half of 2020 and now has more than 34 million active customers across Europe.

During the period, the company’s gross merchandise volume climbed by 25.1% to €4.72 billion as revenue increased by 19.6% to €3.56 billion. In addition, Zalando achieved an adjusted EBIT of €113.3 million at a margin of 3.2%

Zalando chief financial officer David Schröder said: “In the past months we have proven the strength and agility of Zalando in many ways, no matter how challenging the environment. We have come out of the first wave of this pandemic stronger than we went into it as a result of our strategic clarity, our strong partnerships and an extraordinary team effort. Many of our partners have intensified their business on our platform in the last months, and we have managed to successfully grow together.”

In the second quarter of 2020, around 180 new brand partners signed up to Zalando’s partner programme which grew by over 100% on the same period last year.

In the second half of the year, Zalando will be accelerating growth in its Connected Retail programme which enables bricks-and-mortar retailers to scale their digital business.

 

Subscribe For Retail News