Zalando is an online retailer that provides shoes and fashion in fourteen different countries in Europe.
Zalando started its operations in Germany in 2008 and today operates online shops in the Netherlands, Belgium, France, the United Kingdom, Austria, Switzerland, Italy, Spain, Sweden, Finland, Norway, Denmark and Poland. Zalando has grown rapidly and is today the largest online player in the fashion sector in Europe.
Zalando reported net sales of EUR 1,159m in 2012 compared to EUR 510m in 2011. In the most established region including Germany, Switzerland and Austria (DACH), Zalando reached break-even (EBIT) while continuing to grow at high rates. At the same time, Zalando invested into new markets to further strengthen its leading position in Europe. As a result of this strategy, Zalando closed 2012 with an improved overall EBIT margin of -7% of sales (2011: -12%). The financial statements for 2012 are now audited.
During the first quarter of 2013 Zalando continued its European growth trajectory, mainly driven by the overall trend towards online shopping and the company’s leading market position. With the addition of seven new markets during 2012 Zalando focused on operational excellence in
key areas including logistics and marketing and on its current geographical footprint. Construction work at the third warehouse in Mönchengladbach proceeded according to plan.
Page updated:
4/19/2013