Friday, 16 June 2017

Zalando aims to double revenue by 2020

Zalando wants to double in size by 2020, it’s co-chief executive said on Friday, as Europe’s biggest pure online fashion retailer announced new partnerships with Nike, H&M Weekday brand and the Bestseller group.

“The target is to double the company again by 2020,” Rubin Ritter told a media event. A spokeswoman said Zalando aimed to double from the 3.6 billion euros ($4.02 billion) in sales reached in 2016.

Zalando executives also announced new deals to integrate more of Nike’s stock on its website, as well as to add the Weekday brand from H&M and to provide logistic services for Bestseller, which has brands including Vero Moda.

Rubin Ritter CEO Zalando

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