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.
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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.
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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.
Zalando is to launch a new service, which will send a tailor to the customer's house to adjust clothing from online orders. The Order a Tailor service is one of the ideas from Zalando's hack weeks.
German online retailer Zalando has raised its third quarter turnover more than 17 % compared to the year before, but the company keeps losing money outside of its home market.
German online retailer Zalando has reached another huge turnover increase as its third quarter revenue grew 16 to 18 % again compared to the year before. For its full fiscal year, the company expects a 20 to 25 % turnover increase compared to last year.
Zalando signed a deal with two smaller shoe stores, allowing customers to pick up online orders at the store if they happen to live near either store.
Zalando's style advice service Zalon is now also available in the Netherlands. Customers who want additional advice prior to a purchase can chat or call with a stylist.
Over the next few years, German online retailer Zalando seeks to quintuple its turnover. Based on its current 4 billion euro turnover, it therefore seeks to reach about 20 billion euro.
German online retailer Zalando will shut down its Parisian office, the only office location outside of Berlin. From now on, every French decision will be made from Berlin.
zLabels, the company that houses all of Zalando's fashion brands, is about to set its own course: all of its brands will be made available to Zalando's competitors as well.
In its past quarter, German fashion web shop Zalando performed very well once more. Turnover grew 25 % to 916 million euro and its gross profit tripled to 77 million euro, thanks to the mobile shoppers.
German online fashion retailer Zalando has seen its turnover grow 25 % in the second quarter, while the company also managed to increase margins considerably compared to last year.