Home / Knowledge / News / Fashion / Zalando's net income more than doubles in FY15
Zalando's net income more than doubles in FY15
04
Mar '16
Courtesy: Zalando
Courtesy: Zalando
Zalando, a Germany based online fashion retailer, reported its net income to have more than doubled in 2015 to €121.5 million as compared to €47.1 million in 2014 owing to a strong growth in all its operating regions and progress in its platform strategy, according to a press statement released by the company.

For the DACH region, the online retailer’s revenue increased by 28.04 per cent to €1,580.1 million in 2015 as compared to €1,234 million in 2014. Revenue reported for the rest of Europe was €1,211.6 million in 2015 as compared to €862.6 million in 2014, a rise of 40.45 per cent. In the other regions, revenue reported was €166.5 million in 2015, a rise of 41.82 per cent as compared to €117.4 million in 2014.

Total visits to the site in 2015 were 1,656.4 million as compared to 1,363.8 million in 2014. Owing to the e-retailer’s focus being on mobile site and app, its mobile visit share in the total site visits increased to 57.1 per cent in 2015 as compared to 42.3 per cent in 2014.

In 2015, Zalando made progress with its platform strategy. It launched additional platform products, such as Zalon, a curated shopping service, and Zalando Media Solutions, a digital advertising service.

The acquisitions of Metrigo and nugg.ad as well as the acquisition of a stake in Anatwine supported the development of the platform.

Commenting on the results, Rubin Ritter, member of the management board of Zalando said, “Our market position has never been stronger, and we have never faced so many great opportunities. We want to excite even more customers and gain further market share.”

“We deliberately pursue growth while maintaining solid profitability – we think this is the best way to create long-term value,” he added. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search