THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Online Conversion Summit 2020
Future of Retail Marketing 2020
The HR Summit 2020
The Future Of AI in Retail Conference 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Zalando posts uplift in revenue as it unveils plans to enter beauty market

Zalando, the German online fashion retailer, has grown its third quarter revenue by 27.5-29.5% to €1.064 to €1.081 billion according to preliminary figures. The company now… View Article

FASHION

Zalando posts uplift in revenue as it unveils plans to enter beauty market

Zalando, the German online fashion retailer, has grown its third quarter revenue by 27.5-29.5% to €1.064 to €1.081 billion according to preliminary figures.

The company now expects to achieve an adjusted EBIT of €-5 to €5 million with an adjusted EBIT margin of -0.5% to 0.5%.

In the first nine months of 2017, Zalando’s revenues climbed by 23.5% to 24.1% to €3.145-€3.162 billion. Adjusted EBIT for the first nine months is expected to come in at €97-107 million with a margin of 3.1% to 3.4%. This compares to €121 million with a 4.7% margin in the same period in the prior year.

Zalando co-chief executive Rubin Ritter said: “We continue to push forward with our growth strategy at full speed, winning market share. Our results for the third quarter underline once again that our strong business expansion is driven by ongoing investments into our technology and logistics infrastructure, brand partner proposition and consumer experience. The expansion into the beauty market is a natural next step and reflects the demand of our customers.”

The company will enter the beauty market in spring 2018 as it looks to become a one-stop destination for fashion and lifestyle products. Items will include cosmetics, skin care and fragrances across various price points. The new category will initially be launched in Germany, with other markets set to follow.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Online Conversion Summit 2020
Online Conversion Summit 2020
April 30 2020
The Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
The Retail Bulletin Online Conversion Summit 2020 Partnered by IMRG
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, 44 Hallam St, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
The Future Of AI in Retail Conference 2020
The Future Of AI in Retail Conference 2020
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY