Zalando expects to grow its business at double-digit rates in 2020. The overall fashion market expects to show significant negative growth this year. The online fashion platform aims to grow its Gross Merchandise Volume (GMV) by 10-20%. Zalando expects its revenue to grow within the same range, but slightly lower than the Gross Merchandise Volume due to the fast growth of
Fashion Transparency Index 2020: H&M close to the top
The H&M Group along with Adidas, Reebok, Patagonia and Espirit are currently the world's most transparent major fashion brands. According to Fashion Revolution these brands score between 61-70% when it comes to transparency. Fashion Revolution's annual report lists the amount of information companies disclose. This includes processes and effects within their operations
Spain: COVID-19 consequences for Inditex
Fashion giant Inditex, the owner of brands such as Bershka, Massimo Dutti and Zara, faces the consequences of the COVID-19 outbreak. In Spain, the fashion producer switched its clothes factories in Spain over to making medical supplies. Also, its logistical hub has almost ground to a halt. This effectively freezes the centre of Inditex's business from which it supplies its
Zalando: 4.6 million new customers in 2019
In 2019, German fashion platform Zalando welcomed 4.6 million new customers. This makes a total of 31 million, an increase of 17% compared to 2018. All of these customers purchased a total of 145 million orders. The total turnover of Zalando (including its partners) increased to 8.2 billion euro in 2019. This is a 23.6% growth. Zalando's own turnover increased by 20.3%, to
Zalando opens its third warehouse in Poland
German fashion platform Zalando has opened its third fulfilment centre in Poland. The new logistics location is meant to serve all of the online fashion platform's markets. In total, Zalando now has two fulfilment centres in Poland serving Zalando's customer base. It also has one logistics site taking care of its Lounge deliveries. The new fulfilment centre, located near