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.
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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.
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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.
In Germany, C&A has decided to join forces with Zalando. The online fashion giant is now also extending its successful "Connected Retail" partner programme to Austria.
How sustainable is online trade? For the first time, a ranking that lists international e-commerce marketplaces according to their sustainability performance is published. Second-hand business models score high in this ranking.
H&Mbeyond, the Swedish fashion giant's innovation lab, and NeXR Technologies are working together to develop a virtual fitting room that will allow customers to try on perfectly fitted outfits quickly and easily.
Zalando now charges a "distance fee" to customers in the Benelux for packages coming from further afield. The free shipping trendsetter is retracing its steps, and others will follow.
COVID-19 represented an unprecedented obstacle for the retail sector in 2020. But what is the concrete impact of the crisis? What can we learn from it, and will we remain under the spell of the Covid story in 2021? Four retail experts reflect, and look ahead.
Rubin Ritter, one of Zalando's three CEOs since 2010, will leave the online fashion retailer in May next year.
During its annual Cyber Week, Zalando attracted no less than one million new customers. The Connected Retail programme also proved to be effective, as partners of the fashion platform generated 30% of the turnover.
For the first time, Zalando has presented a diversity and inclusivity report which offers an insight into the company's efforts and commitments on the subject. From now on, the fashion platform aims to publish this report annually.