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Zalando news and archive

2020: Online fashion sales zoom while physical retailers suffer

Fashion has been the most hard hit category by Covid-19 pandemic. Compulsory store closures, work from home schedules followed by low footfall at opened stores, negatively impacted sales at almost every brick and mortar fashion retailer. According to Reuters, the Office for National Statistics report showed that clothing sales declined 19...

Dec 23, 2020

Management

Zalando co-CEO Rubin Ritter to step down

Zalando has announced that its co-CEO Rubin Ritter is stepping down from the company at the next annual general meeting (AGM) in 2021 in order to devote more time to his family. Ritter’s contract was due to end in November 2023. Since 2010, Ritter, along with co-CEOs Robert Gentz and David Schneider, has built up the company from a startup to a...

Dec 7, 2020

Report

Zalando attracts over 1 million new customers during Cyber Week

Zalando said it attracted over 1 million new customers to its site during its sixth Cyber Week, its highest number to date. The German e-tail giant managed to grow its Gross Merchandise Volume (GMV) by more than a third (about 35 percent) during the shopping event, compared to the same period last year. “Cyber Week 2020 was another milestone for...

Dec 2, 2020

Fashion

Zalando publishes first diversity and inclusion report

Zalando has published its first annual diversity and inclusion (D&I) report, ‘do.Better’, revealing the progress it’s made in that area and outlining further targets moving forward. Last year, the German e-tail giant announced a target to have a balanced representation of women and men across its top six management levels, including the...

Nov 17, 2020

Business

Copenhagen Fashion Week and Zalando announce sustainable partnership

Copenhagen Fashion Week and Zalando have announced a three-year partnership to help “accelerate sustainability in the fashion industry”. The two fashion players said the tie-up would see them aligning their sustainability targets “in order to leverage impactful change together”. The partnership will run from 2020-2023 and kicks-off as Copenhagen...

Nov 6, 2020

Retail

Zalando moves more stores online

German online retailer Zalando is moving more stores online amidst countries having to resort to lockdowns again to curb the spike in coronavirus cases. Zalando had been preparing for a second wave of coronavirus infections well before countries began reenacting lockdown measures. The news was reported by Reuters. Zalando had already been...

Nov 4, 2020

Report

Zalando posts strong Q3 growth, raises forecast

Zalando SE said that the company achieved profitable growth in the third quarter of 2020. The company’s gross merchandise volume (GMV) and revenue grew by 29.9 percent and 21.6 percent to 2.5 billion and 1.8 billion euros, respectively, driven by the accelerated consumer demand shift towards digital offerings in the course of the ongoing...

Nov 4, 2020

Report

Zalando acquires Swiss mobile body scanning developer Fision

German e-tailer Zalando has bought Swiss mobile body scanning developer Fision for an undisclosed sum. The acquisition marks Zalando’s latest move towards “solving the fashion industry’s key challenge of size and fit”, the retailer said. Zurich-based Fision’s body scanning app and virtual dressing room aims to help consumers see how a garment...

Oct 16, 2020

Retail

Zalando expands sustainable fashion assortment

Zalando is extending its assortment of fashion items to serve a growing demand from its customers for more environmentally friendly products. The online retailer has expanded its assortment in its sustainable category from 27,000 fashion items in 2019 to over 60,000. More than 40 percent of Zalando customers are choosing more sustainable fashion...

Oct 9, 2020

Management

Zalando reports strong growth in Q3, raises outlook

Zalando SE has raised its outlook for the 2020 financial year after witnessing strong and profitable growth in the third quarter. The company now expects gross merchandise volume (GMV) to grow 25-27 percent, revenues to grow 20-22 percent and an adjusted EBIT of 375-425 million euros for the financial year 2020. In its outlook published on July...

Oct 9, 2020

Retail

Zalando enters resale market with launch of Pre-owned category

Zalando has announced the launch of a new resale category allowing its customers in Germany and Spain to buy and trade pre-owned clothing directly on the platform. The new Pre-owned offer, which was first announced back in February, looks to tap into the fast-growing resale market and allows customers to sell fashion items in exchange for...

Sep 21, 2020

Business

Shopping online? This is what retailers know and do with data

The convenience of online shopping has changed the world of e-commerce and how we shop for clothes. Online sales have been a lifeline to many retailers when physical stores were forced to close during the pandemic, but what are they doing with the data they collect from shoppers? From every ‘add to a wish list,’ basket or payment, the world’s...

Sep 2, 2020