Fashion
German online fashion platform Zalando will add dozens of luxury goods brands to its range and collaborate with the designer platform Not Just A Label (NJAL).
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Three years ago, Dobbi started as a laundry and dry-cleaning service for individuals. Today, the platform is profiling itself as a partner for fashion retailers who want to become more sustainable. After the Netherlands and Belgium, the rest of the world is set to follow.
Despite a high comparison base, German online fashion platform Zalando managed to grow strongly again in the second quarter. The platform now has 44.5 million active customers, 30 % more than a year earlier.
Today, Zalando is launching in three additional markets: Croatia, Estonia, and Latvia. Moreover, the company is expanding its partnership programme into six new markets.
General
In the retail industry, the gap between winners and losers is still widening. Just 25 front-runners have captured more than 90 % of global growth in market capitalisation, as financial markets are rewarding retailers who are best armed for the post-corona era. Who are they?
From now on Belgian retailers can also connect their physical stores directly to the Zalando platform to sell their products online. C&A is one of the first partners.
Cosmetics
French perfume and cosmetics chain Sephora, part of luxury group LVMH, is entering a partnership with online fashion platform Zalando. The collaboration will make thousands of products from more than 300 exclusive brands available on the German platform.
Zalando is expanding further into Eastern Europe. Today, the fashion platform launches in Lithuania, Slovakia and Slovenia, later this year Croatia, Estonia and Latvia will follow, in 2022 it's the turn of Hungary and Romania.
After a stunning first quarter, Zalando is raising its outlook for the full year. The fashion platform is also investing heavily in the expansion of its logistics network.
After C&A Germany joined Zalando's Connected Retail partner programme at the beginning of this year, the retailer is now extending the collaboration to seven other European countries. The Netherlands is among the first to follow. Belgium will join at a later stage.
Online fashion platform About You is experiencing rapid growth and is currently preparing a stock market flotation.
Niklas Östberg, CEO and co-founder of Delivery Hero, will soon become a member of the supervisory board of fashion platform Zalando.
Cross-Border Commerce Europe has published its third edition of the "Top 500 online cross-border EU retailers", an annual ranking of the 500 best European cross-border online stores.
Last year Zalando grew by 30 per cent thanks to a quarter more customers. The e-commerce player expects to keep up the momentum and even triple sales from ten to thirty billion euros by 2025.
Zalando has expanded its second-hand webshop Zircle to Scandinavia. Customers in Sweden and Denmark can now also buy second-hand fashion items through the online platform.
The Swedish investment group Kinnevik is dividing its shares in Zalando among its own shareholders. Thus, the fashion platform loses its largest shareholder, accounting for 21 per cent, but at the same time gains a lot of new shareholders.
