08 March 2022, Mumbai:
Zalando, the German fashion e-tailer, has stated that sales growth would be slower in 2022 following a strong year in 2021. The e-sales tailer's have increased by 30 percent by 2021.
In addition, throughout the year, the gross merchandise value (GMV) increased by 34.1 percent to £11.9 billion, owing to strong consumer demand and increased partner usage of its platform services.
Notably, revenue for the online fashion store increased by 29.7% to £8.7 billion, with an adjusted EBIT of £391 million.
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Moving forward, Zalando aims to attain a GMV of over £25 billion by 2025, and it's worth noting that the e-tailer is allegedly on schedule to accomplish so.
Importantly, throughout the financial year, Zalando added over 10 million new consumers, bringing its total active customer base to over 48 million across 23 regions.
Zalando, established in Berlin, has offices (tech hubs) in Dublin, Ireland, Dortmund, Germany, and Helsinki, Finland. It was founded in 2008.
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CREDITS: retail.economictimes.com & Apparel Resources.
