Zalando profits rise as its prepares for launch into second-hand fashion
Online fashion specialist Zalando has unveiled a rise in full-year sales and profits and is preparing to launch a variety of initiatives including a pre-owned range.
Zalando reported that last year its gross merchandise volume rose 23.6% to ā¬8.2bn, revenues increased 20.3% to ā¬6.5bn and adjusted EBIT rose to ā¬224.9m from ā¬173.4m.
Zalando said growth was āespecially pronouncedā in the fourth quarter when it achieved ārecord-breaking results during Cyber Weekā.
This year, Zalando will introduce new propositions to help it achieve its objective of becoming āthe starting point for fashionā including a push to win more luxury spend and, in the autumn, will launch a pre-owned offering.
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