Home / Knowledge / News / Apparel/Garments / Apparel retailer Zalando posts 29.5% surge in H1 sales
Apparel retailer Zalando posts 29.5% surge in H1 sales
04
Sep '14
German fashion retailer Zalando says it had a very successful first half of 2014. Sales surged 29.5 percent to EUR 1,047 million in the first six months of 2014 against EUR 809 million in the corresponding period of 2013, according to a Zalando press release.

It said revenues also rose significantly in the DACH region by 21.2 percent year-on-year to EUR 594 million in first half of 2014.

The best turnaround was witnessed in EBIT margins which improved significantly by posting a growth of 1.2 percent in the period under review versus a negative 8.9 percent a year earlier.

According to Zalando, the DACH region continues to lead the way, posting a reaching a clear profitability of 4.6 percent.

The significant margin improvement was driven by all major cost line items, including cost of sales, fulfillment and marketing, Zalando added.

“Achieving a positive group EBIT margin in the first half-year is a major success for Zalando. Historically, our performance in the first half of any financial year tended to be weaker than in the second half,” said Rubin Ritter, Member of the Management Board.

The ramp-up of operations at the new fulfilment center in Mönchengladbach is on track and fulfillment efficiency has increased during the first half-year 2014, the retailer informed.

It also said that the Zalando mobile app has been rolled out successfully across all international markets, resulting in a mobile traffic share of 41 percent during the second quarter and over 3.8 million app downloads by the end of the quarter.

Zalando registered total visits of 323 million in the second quarter of 2014 compared with 294 million in second quarter of 2013.

It noted that active customers grew to 13.7 million at the end of the second quarter of 2014 from 11.6 million at the end of second quarter of 2013, which further improved marketing efficiency. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search