zalando

A strong second quarter has led Zalando to increase its forecasts to a full-year sales growth of 15 to 20 %. The German webshop was helped by the coronavirus pandemic, which forced a lot of people to shop online.

Zalando is going to introduce a sustainability test for partners. Those who fail on areas like carbon emissions or ethical standards, will be removed from the platform.

German fashion webshop Zalando has had to admit a (preliminary) loss for this year's first quarter. The company now wants to speed up its platform and support its partners more.

German fashion webshop Zalando has lowered its first-quarter forecast, as its sales have dropped significantly due to the measures implemented in many European countries in the fight against the coronavirus.

Zalando has expanded its loyalty program Zalando Plus to French consumers. Initially, however, the service is only available in Paris.

The production and distribution of fashion causes major environmental and social problems and current efforts are not sufficient to make the sector truly sustainable. If fashion companies and retailers do not act quickly, their profitability will be compromised, according to a Barclays analyst report. Primark, Inditex, H&M and Zalando, among others, may feel addressed.

Over the past three months, German fashion webshop Zalando has attracted more than a billion visitors in one quarter for the first time. This has also resulted in a substantial increase in the company's turnover.