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.
from CPP-LUXURY http://www.cpp-luxury.com/zalando-aims-to-double-revenue-by-2020/?utm_source=rss&utm_medium=rss&utm_campaign=zalando-aims-to-double-revenue-by-2020
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