Web shop Zalando’s curated shopping service, Zalon, opened its first pop-up sore in Berlin late last week. Over the course of the next three weeks, customers can talk directly talk to the stylists.
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German fashion web shop Zalando’s third quarter growth was astonishing once more: compared to the year before, it added another million new customers and achieved a 30 % turnover increase. Its profit disappeared almost entirely however.
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Zalando added the ‘Miadidas’ tool to its web shop, meaning customers can now personalize their Adidas shoes - a first for a third party seller.
Fashion web shop Zalando is to start selling beauty products in Germany and in order to better present those products, it will open a physical beauty store in Berlin. Last quarter, Zalando came close to a 30 % turnover growth.
German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.
In the second quarter of 2017, web shop Zalando’s turnover did not grow as much as it did in previous quarters, according to the company’s preliminary results. Zalando also announced a new subscription service.
German Zalando and Danish Bestseller have joined forces in a joint venture, called FashionTrade.com, to supply the Bestseller chains.
Fashion web shop Zalando seeks further growth and will therefore target the B2B market. Zalando’s platform will be used to support other companies’ brands grow.
German brothers Samwer have sold almost half of the shares their investment firm, Global Founders, still holds in Zalando. The brothers’ share in the German online fashion retailers is now less than 5 %.
At the end of its first trimester, Zalando surpassed the twenty million active customer milestone. Turnover for the quarter also grew nearly 25 %, to 980.2 million euro.
German online fashion store Zalando wants to simulate Coolblue and Amazon and open its own chain of stores, mainly as a giant billboard to help promote the web shop.
German online fashion store Zalando continues to grow vigorously in 2017’s first quarter. The preliminary results show that it will once again publish turnover growth surpassing 20 %, a target the company has set for its full fiscal year as well.
German online fashion retailer Zalando has managed a 23 % turnover increase in 2016, and the ambitious online shop now forecasts an equally large increase for 2017.
Nineteen web shops, including Zalando, H&M and Amazon, were fined 2.4 million euro in France because of misleading promotions.
German fashion web shop Zalando generated a turnover between 1.086 and 1.094 billion euro in the fourth quarter, up nearly 25 % and the first time its quarterly turnover surpassed 1 billion euro.
German online retailers Otto and Zalando are currently the largest online fashion retailers in Western Europe, with a market share of respectively 6.2 and 6.1 %, but Amazon is inching closer and already claims 5.7 % of the market.