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Zalando news and archive

Zalando supervisory board proposes appointment of Niklas Östberg

The supervisory board of Zalando has proposed the appointment of Delivery Hero CEO and co-founder founder Niklas Östberg. If appointed, he will succeed Jørgen Madsen Lindemann, who has decided not to stand for re-election after serving as a member since 2016. Cristina Stenbeck, chair of Zalando's supervisory board and nomination committee, said...

Apr 8, 2021

Business

Unsold fashion: What happens to merchandise when stores are closed?

Since the pandemic outbreak, the fashion industry has been fearful of vast amounts of unsold merchandise from brick-and-mortar stores. Last spring, many designers and brands postponed a part of their collections to 2021. However, now, even in 2021, the world is seeing months-long lockdowns. With an unusual winter and collections being pushed...

Mar 31, 2021

Business

Zalando presents first sustainability progress report

One and a half years after the launch of its sustainability strategy Do.more, online retailer Zalando has published its first stand-alone sustainability progress report, showing the extent to which it has achieved its vision to make Zalando a sustainable fashion platform that has a net positive impact on people and the planet. Sustainability is...

Mar 18, 2021

Management

Zalando aims to grow GMV to over 30 billion euros by 2025

Following a strong financial year 2020, Zalando has upgraded its growth ambitions and aims to grow gross merchandise volume (GMV) to more than 30 billion euros by 2025 and aspires to serve more than 10 percent of the total 450 billion euros European fashion market in the long-term. In 2020, the company said in a statement, Zalando achieved 10.7...

Mar 16, 2021

Retail

Zalando expands resale platform Zircle to new markets

Zalando has expanded its pre-owned fashion platform Zircle to Sweden and Denmark as the demand for second-hand fashion continues to grow. Around half of Zalando’s customers in those markets said they would consider buying pre-owned fashion within the next six months, according to a survey by the German e-tail giant. “We are very excited to...

Feb 19, 2021

Fashion

House of Dagmar wins Zalando sustainability award

Zalando has announced that Swedish label House of Dagmar has won its inaugural sustainability award during Copenhagen Fashion Week. House of Dagmar impressed the jury with its “strong sustainable ambition,” shown through many aspects of the brand’s supply chain, as well as its continued commitment to producing fashionable, high-quality and...

Feb 4, 2021

Management

Kinnevik reports 52 percent increase in full year net asset value

Kinnevik’s net asset value amounted to 111.7 billion Swedish krona or 402 Swedish krona per share at the end of 2020, up by 3.8 billion Swedish krona or 4 percent in the quarter and 38.4billion Swedish krona or 52 percent in the full year. The company said in a statement that a broad-based revaluation in our private portfolio, which was up 22...

Feb 4, 2021

Retail

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