Huge increase in turnover and 2 new countries for Zalando | RetailDetail

Huge increase in turnover and 2 new countries for Zalando

Huge increase in turnover and 2 new countries for Zalando

In 2011, German web shop Zalando has increased its turnover from 150 million to 510 million euro, an increase of no less than 240 percent. In its first financial year, 2009, Zalando had achieved a turnover of “just” 6 million euro.

New markets + new categories = success

"We're really pleased with these positive results", stated founder and CEO Robert Genz in a press report. "They show that we have succeeded in expanding into one of Europe's most successful e-commerce companies".

 

According to Genz, the increased turnover is due to Zalando's expansion into new markets and categories: from just shoes to other clothes, luxury products and even living accessories. The director states that by now, shoes take up less than half of the total turnover.

 

On the other hand, 50% of its turnover is acquired abroad. Last year, Zalando was active in seven countries. Belgium, Sweden and Spain joined earlier this year and last week, the web shop expanded further to Denmark and Finland. Another increase in turnover for this year therefore seems to be very likely, at the least.

 

 

Translated by Sanne Raspoet

Questions or comments? Please feel free to contact the editors


Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.

Trump targets Amazon

03/04/2018

President Donald Trump has apparently targeted Amazon as his new enemy. He feels the retail giant is taking advantage of the U.S. Postal Service, something he wishes to remedy with a series of new rules and legislation.

Amazon undisputed ruler of French online world

29/03/2018

Amazon is the undisputed leader of the French online world thanks to a 5.6 billion euro turnover and a 19 % market share. According to Kantar Worldpanel, the overall online market in France was worth 30 billion euro in 2017.

Retail is main driver of artificial intelligence innovations

29/03/2018

Retail companies will invest about 2.76 billion euro in artificial intelligence this year. According to research firm IDC, they are the main driver for AI worldwide, ahead of the banking sector.

Amazon and Monoprix will collaborate

27/03/2018

Amazon will make a huge leap forward in France, thanks to a new collaboration with the French chain Monoprix. A large section of the latter’s product range will soon become available to Amazon Prime Now subscribers.