All Zalando articles – Page 4
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ArticleZalando launches a profit warning as sales decline for the first time
Zalando posted the first decline in quarterly sales in its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion but a 1.5 percent decline in revenues ...
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ArticleYearly cross-border e-commerce ranking sees DTC sales on the rise
Cross-Border Europe (CBCommerce), a platform promoting cross-border online commerce in Europe, published its yearly Top 500 Cross-Border Retail Europe study on the 500 strongest European players in cross-border e-commerce for the fourth time. Cross-border online commerce (excluding the travel segment) generated total sales of €171.2 billion in the EU in ...
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News briefsZalando creates circular, modular sweatshirt
Zalando has created a unisex, modular sweatshirt made of Infinna – a fiber produced in Finland by Infinited Fiber Company that consists entirely of post-consumer textile waste. Even the weave has been designed, in 3D, to cut waste to 3 percent of the raw fabric. The sweatshirt was on display ...
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News briefsZalando reaches targets but publishes disappointing guidance
Zalando posted better-than-expected sales in 2021 but released a disappointed guidance for 2022, which prompted the company’s share price to drop nearly 10 percent on the day. In the full year ended Dec. 31, the German online fashion retailer posted a 29.7 percent increase in revenues to €10.35 billion, compared ...
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Article
Zalando lifts FY guidance after sales jump by 47%
Zalando once again hiked its sales and profit forecasts for 2021 after its revenues jumped in the first quarter by 46.8 percent to €2,238 million, marking the company’s strongest growth since it went public in 2014. To keep up with the pace of expected future growth, the fashion-oriented e-retailer also ...
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News briefs
Zalando expands its loyalty program with early access
Zalando is adding what it calls “assortment-related benefits” to its loyalty program, Zalando Plus. The first is Plus Early Access, which, as the name suggests, provides program members – initially in Germany – with early access to new products. And the first product being offered under the new scheme is ...
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ArticleZalando's pre-owned service now reaches 13 countries
On April 22, Zalando extended its service selling second-hand garments to seven additional European countries: Austria, the Czech Republic, Denmark, Finland, Ireland, Italy and Sweden. In October 2020, Zalando launched the “pre-owned” platform in six countries: Germany, Spain, Poland, France, Belgium, and the Netherlands. Torben Hansen, vice president recommerce at ...
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News briefs
Zalando’s GMV jumped by over 50% in Q1
Zalando indicates that its first-quarter results will be higher than projected by financial analysts thanks to a relatively strong start to the spring/summer season and a relatively low return rate. Based on preliminary data, the gross merchandise volume (GMV) went up by between 54.5 and 56.5 percent during the period, ...
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Article
Zalando lifts sales forecasts, aims for 10% of Europe’s fashion market
Zalando has lifted its sales and profit forecasts for 2021 after reporting a 23.1 percent rise in revenues to about €7,982 million for the 12 months to Dec. 31, 2020, with increases of 17.2 percent in the German-speaking countries and 28.4 percent in the rest of Europe, where they reached ...
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News briefs
Kinnevik’s Zalando shares go to its own shareholders
Kinnevik, the Swedish investment fund that has been supporting Zalando since 2010, helping it to go public in 2014, has decided to transfer its 21 percent interest in the big German-based e-tailer to its own shareholders, provided they approve the move at Kinnevik’s annual meeting on April 29. The Swedish ...
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Article
Record market capitalization for Zalando as it expands in the Nordics
Zalando’s Connected Retail program has attracted many retailers in the Nordic countries, where it has been expanding recently its reach among consumers, notably with the creation of a dedicated Swedish website. Without specifying how many of them are sports stores, a spokesperson for the company said it has now around ...
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Article
Zalando hires a “circularity director” away from H&M
Laura Coppen, who has been a major contributor to H&M’s sustainability efforts for almost five years, is joining Zalando to serve as “circularity director,” charged with implementing a program to promote greater transparency among its partner brands in the area of environmental protection. Her appointment follows a number of initiatives ...
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News briefs
One of Zalando’s three CEOs to step down
Rubin Ritter plans to step down as Zalando’s joint chief executive, responsible for strategy and communication. He and the company’s supervisory board will be negotiating to dissolve his contract, which was to run until November 2023. Ritter says that he will be spending more time with his expanding family and ...
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News briefsZalando adds 1 mln clients during Cyber Week
Zalando acquired more than one million new customers during the sixth edition of its Cyber Week, surpassing last year’s new customer record. The gross merchandise volume (GMV) grew by about 35 percent over same the period and some 7,500 orders were placed per minute at peak times. The share of ...
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ArticleGrowing Zalando launches Connected Retail in more countries
In releasing excellent results for the third quarter, Zalando announced the introduction of its Connected Retail program in Denmark, Finland and Norway on Nov. 1. As it did for a few months after its launch in Germany and the Netherlands, it is waiving all commissions for all partners using the ...
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News briefs
Zalando acquires producer of 3D virtual bodies
Zalando has acquired Fision, the Swiss producer of a body-scanning app and virtual dressing room. The Swiss company’s system creates 3D virtual bodies and clothing models on a platform called meepl. The Berlin-based European e-tailer already uses customer histories on purchases and returns to generate advice on sizes for 50 ...
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AnalysisAnalysis: The 10 major European sports retailers online
The online retail business in the sporting goods sector has been growing stronger and stronger in recent years, find out which players are the real winners.
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News briefs
Zalando raises its own expectations
Zalando is performing better than expected. It is now projecting an adjusted operating profit (Ebit) of between €375 million and €425 million for the full 2020 financial year on an increase in total revenues of between 20 and 22 percent. As usual, the growth will be driven by an increase ...
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News briefsZalando launches Brand Homes for more customer engagement
Zalando has launched a new offer, called Brand Homes, that allows brands to supply high-quality and directly curated content to lead customers to engage with them on its website longer and more frequently, or to discover them for the first time. The service is also meant to enrich the customer ...
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News briefs
Zalando hires three SVPs
Zalando has promoted an executive and hired two more. Andreas Antrup, who has been with the European internet fashion platform since April 2011, is moving to a new post as senior vice president of advertising. Antrup has been leading a five-year-old department called Zalando Marketing Services (ZMS). Andrew Watts came ...
