German fashion web shop Zalando has announced a 70 % turnover increase for its second quarter, growing to 437 million euro. In the first six months of this year, total growth was even 72 %.
The turnover in the first half of 2013 has reached 809 million euro, coming near the 1.15 billion euro turnover for the whole of 2012. Zalando claims turnover has grown in each of the 14 markets it services.
The announcement was not all smiles, as growth is gradually slowing down. The first half of 2012 saw a 125 % increase, which dropped to an increase of 72 % now. On top of that, Zalando has not mentioned any profit numbers or more likely, the size of the loss incurred. Last year resulted in a loss of 90 million euro.
Nevertheless, Zalando keeps on investing in improving its infrastructure, allowing a long term development. It has recently started a test phase for its third distribution centre in Mönchengladbach. Zalando has also opened two Berlin offices this year, but international expansion has been halted.