THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
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.

FASHION

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

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy