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's first half revenues rise as it continues to invest for growth

Online fashion retailer Zalando has grown its first half revenues by 21-22% to €2.071 billion to €2.089 billion, according to preliminary figures.

FASHION

Zalando's first half revenues rise as it continues to invest for growth

The company is expecting adjusted EBIT for the period to come in at €100-106 million, with a margin of around 4.8-5.1%.

In the second quarter of 2017 the company’s revenues grew by 19-21% to €1.091 billion to £1.109 billion. Zalando achieved an adjusted EBIT of €80-86 million, corresponding to an adjusted EBIT margin of 7.3-7.8% for the same period.

Zalando co-chief executive Rubin Ritter said: “We are pleased with the performance in the first half of 2017 and continue to invest in order to meet our ambitious growth targets for the full year and beyond. In the fast-growing online segment, we continue to outperform the market and deliver on our 20-25% growth corridor. Our investments, for example in our fulfilment capabilities and the launch of our membership programme Zalando Zet, are the cornerstones for future growth.”

Zalando Zet offers customised premium services such as faster delivery, including same day, pick-up of returns on demand, as well as additional benefits such as personal fashion advice or early access to sales. In the first phase customers in the German cities of Berlin, Leipzig, Frankfurt and Hanover will be able to test the service for three months, after which time they can become members for €19 per year.

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