In Q4 2018 the NMV reached €452 million, growing 22.4 per cent on a constant currency basis. The Q4 revenue was €357 million, representing constant currency growth of 17.7 per cent, said GFS in a press release.
“It has been a year of significant progress for GFG. We continued to execute our growth strategy, building new and strengthening existing brand partnerships as well as enhancing our inspiring and seamless customer experience,” said Christoph Barchewitz and Patrick Schmidt, co-chief executive officers, GFG. “Through our best-in-class fulfillment infrastructure and intuitive online shopping experience, we have delivered over 27 million orders to 11.4 million active customers. These efforts are clearly reflected in our results.”
In Asia Pacific (APAC) region, active customers of GFG reached 3.5 million in the year, growing by 18.3 per cent YoY. Full year and Q4 2018 NMV was €502 million and €160 million respectively. The company’s full year revenue in APAC was €409 million. The fourth quarter in 2018 was a peak sales period for both The Iconic and Zalora brands of the company in APAC region. The Iconic delivered the highest sales month ever in November 2018.
In Latin America (LATAM) region, active customers reached 5.2 million, increasing 16.5 per cent YoY. Full year NMV reached €484 million, an uplift of 18.5 per cent from 2017. In Q4 2018, NMV of €148 million represented 15.8 per cent uplift YoY, on a constant currency basis. LATAM achieved full year revenue of €359 million.
In the Commonwealth of Independent States (CIS) region, active customers grew by 7 per cent YoY reaching 2.7 million. Full year NMV of €467 million represented a growth of 13.9 per cent from 2017. NMV of €144 million in Q4 2018 increased YoY by 15.6 per cent on a constant currency basis, resulting in Q4 2018 revenue of €115 million.
In Q4, GFS also partnered with and launched, O’Stin, a popular Russian fashion brand with over 700 offline stores, which is now available online to all Lamoda customers. (PC)
Fibre2Fashion News Desk – India
| On 12th Apr 2021
Singapore has ratified the Regional Comprehensive Economic...
Tapping into the mutual strengths of India, Israel and the United...
| On 12th Apr 2021
National Council of Textiles Organisation (NCTO) member Parkdale...
Great step towards realising end goal of 'AtmaNirbhar Bharat'
Estimate loss of $8-$10 billion in turnover
One thing is certain, online sales will go up
Hollywood Footwear’s story began in 1946 when Jummabhai Ajani started the...
Founded by Chini Chouhan, her eponymous brand specialises in women's...
With more than 60
years of experience in the textile industry, Ideal...
Wearable Technology Lab, University of Minnesota
A new study led by researchers at the University of Minnesota's Design of...
Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively
Functional Fabric Fair is a trade-exclusive event showcasing the latest...
Garware Technical Fibres Ltd
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
Vidur Adlakha & Riccardo Bennidini
With an active presence in US, Italy and India, clothing brand La Fuori...
Anjali Bhaskar has an experience of 12 years in the fashion industry. She...
Label Sneha Arora
Sneha Arora, an alumnus of National Institute of Fashion Technology,...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to firstname.lastname@example.org.