30 % turnover increase for Zalando in first quarter

30 % turnover increase for Zalando in first quarter

German online fashion retailer Zalando had an excellent start to 2015, with a 30 % turnover increase thanks to huge increases in customer levels, spending and return visits. Moreover, another profit showed on the balance.

First Q1 profit ever

In its past quarter, Zalando welcomed 393 million customers, an 18 % increase. Not only did the web shop attract additional customers, but they came back more often and spent more. Zalando's number of orders and the average spend per purchase went up. The company, listed on the Frankfurt stock exchange since October 2014, announced that this has resulted in a 643.6 million euro quarterly turnover, up 28.5 % compared to the same period last year. 

 

Thanks to that strong turnover growth, Zalando has managed to turn its 28.9 million euro loss from 2014's first quarter into a 24.3 million euro net profit this time around. This means the company has posted its first profitable Q1 ever.

 

Zalando's management in Berlin expects a full-year 25 % turnover increase. "We have started the year in full force, with record results in the first quarter. We will keep investing in the customer experience over the next few months and we also want to solidify our international growth. Our new Dublin-based technology center, which opened in April, is only the first step", CEO Rubin Ritter said.

Questions or comments? Please feel free to contact the editors


Carrefour buys stake in Showroomprivé

12/01/2018

Carrefour has obtained a 17 % minority stake in flash sale seller Showroomprivé with the intent of increasing its digital and non-food reach. Former shareholder Conforama did suffer a loss.

Will free home delivery disappear?

15/12/2017

A growing number of online orders also brings additional pressure on the logistical industry. Free home delivery can no longer be maintained according to research company ECC Köln. More flexible options should be installed.

Amazon brings its private labels to Europe

14/12/2017

After it introduced Amazon Prime to an increased number of European markets, Amazon is now bringing in its own FMCG private labels. Over the past few weeks, the online department store launched several private label products in Europe and it has plans for even more. 

Amazon Echo is now available in the Benelux

11/12/2017

Amazon announced it will ship its smart speaker Amazon Echo to another 28 countries, including Belgium and the Netherlands. Its own music streaming service will also get a local launch.

Luxury manufacturers can block retailers from selling on Amazon

07/12/2017

Luxury product manufactures can block retailers from selling their merchandise on online marketplaces like Amazon. The European Court of Justice has ruled on the matter after cosmetics manufacturer Coty filed a complaint.

Surge in mobile sales during Thanksgiving weekend

29/11/2017

During Thanksgiving weekend in the United States, which contains Black Friday and Cyber Monday, there was a big surge in mobile sales. Those two days saw a total sales figure of almost twelve billion dollar (just shy of ten billion euro).

Back to top