Zalando has strong financial start to the year

Zalando has strong financial start to the year

Zalando has managed a 35 % turnover increase in the first quarter of 2014, compared to the same period last year.

Strong turnover growth

Turnover grew to 501 million euro, with 284 million coming from the German countries, which is 27 % more than in 2013 for the online retailer.

 

The number of visitors on Zalando's website grew 57 million to 332 million, with more than 38 % through mobile appliances. The number of active clients grew from 10.3 to 13.5 million in the beginning of this year.

 

Future plans

"The start to the year has been promising, with a significant improvement in Q1 margin year-on-year, so we are on track with our plans for 2014", Rubin Ritter, Zalando board member, said. The Erfurt logistics center expansion will be finalized this year, after it quickly proved too small, despite only being built in 2012. An IPO is still on the cards for 2014 according to plenty of specialists.

 

The company wants to improve its delivery process, like a new line of pick-up points in other countries and a new mobile app for the summer.

Questions or comments? Please feel free to contact the editors


Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Amazon's profit takes enormous hit

28/07/2017

American Amazon’s profit plummeted in the second quarter and is also lower than what analysts had predicted, despite a 25 % turnover increase.

Amazon: a looming problem for other retailers

27/07/2017

Those who thought Amazon’s growth would slow down, were wrong: the company is now worth more than 500 billion dollars. The Amazon effect is even troubling other retailers and investors. How should they react?

European web shop growth stagnates

26/07/2017

The number of companies with an online sales channel in the European Union has stagnated. The study shows that many companies are hesitant to sell abroad, because they fear fraudulent activity.

Back to top