{"id":167114,"date":"2020-08-11T09:27:00","date_gmt":"2020-08-11T09:27:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/zalando-reports-more-than-double-in-sales\/"},"modified":"2021-08-06T12:06:49","modified_gmt":"2021-08-06T12:06:49","slug":"zalando-reports-more-than-double-in-sales","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/zalando-reports-more-than-double-in-sales\/","title":{"rendered":"Zalando reports Q2 sales up by 27%"},"content":{"rendered":"

Online fashion giant Zalando<\/a> has reported sales on its website have more than doubled from brands aiming to expand their online presence, resulting in a total second-quarter revenue increase of 27%.<\/strong><\/p>\n

Zalando reported adjusted operating profit more than doubled to \u20ac212 million ($249 million) on revenues of \u20ac2.03 billion.<\/p>\n

Gross merchandise value (GMV) increased by 25.1% to \u20ac4.72bn (\u00a34.24bn) in the period, and Zalando achieved an adjusted EBIT of \u20ac113.3m (\u00a3101.8m).<\/p>\n

The online fashion retailer has been focusing on offering brands more logistics and marketing services through its partner programme.<\/p>\n

During the second quarter, Zalando said it had signed up 180 brand partners to the programme, whilst the volume of items shipped through its fulfilment solutions was up 180% due to the Covid-19 outbreak creating a demand in online sales.<\/p>\n

The number of active customers increased 20% to 34.1 million, meanwhile the average basket size rose slightly to \u20ac56.9.<\/p>\n

Zalando will also be focusing on expanding its Connected Retail programme, which allows retailers with stores to grow their digital businesses.<\/p>\n

In June, Zalando announced it was expecting a greater increase in sales and operating profit in the second quarter than analysts were forecasting<\/strong><\/a>\u00a0as the Coronavirus pandemic has encouraged more consumers to shop online.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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