Zalando SE news and archive

Zalando posts strong improvement in Q3 sales and profit

Zalando’s third-quarter gross merchandise volume (GMV) rose 7.8 percent to 3.5 billion euros, revenue increased 5 percent to 2.4 billion euros and adjusted EBIT climbed from 23 million euros to 93 million euros. The company said in a statement that adjusted EBIT margin for the quarter increased by 2.9 percentage points to 3.9 percent. The number...

ManagementFeatured

Zalando co-founder David Schneider steps down as Co-CEO

European fashion and lifestyle e-tailer Zalando has confirmed that its co-founder David Schneider is stepping down as co-chief executive officer to focus on group-wide strategic partnerships and brand relations. Schneider is handing over his role as co-chief executive officer to David Schröder, Zalando’s current chief operating officer, who has...

ManagementFeatured

Zalando: Q3 profitability improves but revenue and GMV drop

Zalando reported adjusted third-quarter EBIT of 23.2 million euros, an increase of 72 percent compared with last year. Zalando’s GMV declined 2.4 percent to 3.2 billion euros and revenue fell 3.2 percent to 2.3 billion euros in the quarter amid a challenging macroeconomic environment of low consumer sentiment and declining online sales. The...

Report

Zalando Q3 revenues up 11.7 percent

German marketplace selling fashion, footwear and accessories Zalando said on Tuesday its Q3 revenue for 2018 rose. The company expects to grow revenues in the fourth quarter of 2018 by 20-25 percent after a financially challenging third quarter with 11.7 percent revenue growth and an adjusted EBIT of -38.9 million euros, corresponding to a...