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

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile industry

GST has levelled the playing field to an extent

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search