All Zalando articles – Page 2
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Retail Navigator AnalysisZalando (SWOT)
Within a relatively short period of time, Zalando has become Europe’s largest online fashion retailer with sales of €10.14bn (£8.8bn) in FY2023. Outside the UK – where Asos is still the dominant player in online fashion – it enjoys a very high brand recognition. However, in early 2023 Zalando joined other fast-growing pureplay retailers acknowledging that they had expanded too much during the pandemic, when online demand spiked.
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Retail Navigator AnalysisZalando (Strategy)
Zalando was founded by university friends Robert Gentz and David Schneider in Berlin in 2008. The business originally focused on selling footwear online but has since become a fully-fledged fashion destination that operates in 25 European markets. It is now one of Europe’s largest online fashion retailers with sales exceeding the €10bn mark in 2023. The UK – in which it has been present since 2010 – currently only accounts for a very small proportion of that. It had almost 50 million active customers in 2023.
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Retail Navigator Analysis
Zalando (Overview)
German-based Zalando is one of Europe’s largest fashion retailers with annual sales of €10.14bn (around £8.83bn) in 2023. In 2024 it updated its strategy to focus on “building the leading pan-European fashion and lifestyle ecommerce ecosystem” through the two “growth vectors” of business-to-consumer (B2C) and business-to-business (B2B).
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Retail Navigator AnalysisZalando (Financials)
Zalando smashed through the €1bn sales barrier in 2013 just five years after it was founded, went on to hit the €10bn mark in 2021, and is now one of Europe’s largest fashion retailers. However, sales declined 1.5% to €10.14bn (£8.83bn), allowing for currency fluctuations, for the financial year to 31 December 2023 (FY2023) as Zalando focused on profitable growth amid a challenging economic environment.
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NewsZalando upgrades outlook for the year following ‘standout’ first quarter
German pureplay giant Zalando has upgraded its outlook for the 2021 financial year following what it called a “standout” first quarter.
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Opinion
‘New partnerships such as Next and Reiss are shaping retail’s future’
Agility and partnerships go hand in hand with brand relevance and evolution. So do innovation and investment.
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NewsZalando targets bigger share of European market after stellar year
Zalando has upgraded its ambitions to take a larger share of the European fashion market as sales soared over the past year.
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NewsZalando poaches Boots beauty boss as it ramps up growth plans
Zalando has appointed Boots vice president of beauty and gifting Joanna Rogers to lead its expanding beauty offer.
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NewsZalando raises profit forecast after ‘exceptional’ sales boost
Zalando has reported “exceptionally strong” growth in the third quarter, raising expectations for the full year.
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NewsZalando extends sustainability push due to consumer demand
Zalando has accelerated its sustainability plans as consumer demand for environmentally friendly products has grown exponentially since the beginning of the year.
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NewsZalando half-year profits rise spurred by new customer surge
Despite a “challenging trading environment”, Zalando has recorded a strong uplift in profits and gross merchandise volume in its first half.
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NewsBoohoo launches independent review into supply chain following slavery allegations
Boohoo has launched an independent review into its UK supply chain and committed to invest £10m to “eradicate supply chain malpractice” as pressure over modern-day slavery allegations mounts.
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NewsAsos, Next and Zalando cull Boohoo brands amid slavery allegations
Asos, Next and Zalando have pulled Boohoo products from their websites following allegations of modern slavery at a warehouse in Leicester, Retail Week can reveal.
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NewsZalando predicts double-digit growth for 2020 despite coronavirus uncertainty
German pureplay fashion retailer Zalando expects to see double-digit sales growth in 2020, despite the effects of the coronavirus pandemic.
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NewsZalando warehouses to stay open despite fall in consumer demand
Pureplay fashion retailer Zalando says it will keep its warehouses open in a bid to preserve “business continuity” despite saying it had seen a drop in consumer demand for its products due to the coronavirus pandemic.
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NewsZalando 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.
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AnalysisAnalysis: Compete or collaborate? Why Tesco, M&S and Harrods are joining forces with rivals
With the threat of Amazon looming over most in the sector, some retailers are doing away with long-standing rivalries in order to take on the online Goliath. But how should retailers decide when to compete and when to collaborate?
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AnalysisAnalysis: How Zalando is shifting the sustainability gears
Zalando invited Retail Week to its head office in Berlin to unveil an ambitious sustainability strategy as the international fashion etailer changes its model to reflect contemporary consumer concerns.
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NewsAgenda: Primark, Sainsbury’s and M&S update the market
Retail Week looks ahead to the next seven days with updates from Primark, Sainsbury’s and M&S on the agenda.
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NewsZalando sales surge as shopper visits climb
Online fashion giant Zalando has posted a rise in quarterly sales as its customer base grew.
