Zalando profits rise as its prepares for launch into second-hand fashion

Zalando

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 €8.2bn, revenues increased 20.3% to €6.5bn and adjusted EBIT rose to €224.9m from €173.4m.

Zalando said growth was ”especially pronounced” in the fourth quarter when it achieved ”record-breaking results during Cyber Week”. 

This year, Zalando will introduce new propositions to help it achieve its objective of becoming “the starting point for fashion” including a push to win more luxury spend and, in the autumn, will launch a pre-owned offering.

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