On Wednesday, German online giant Zalando published it’s 2016 results, which showed a slowed down but steady growth rate and a total turnover of €3.64bn. The real news however was that Zalando bought itself a shoe retailer, namely Kickz, a Munich-based sneaker seller with 15 physical outlets throughout Germany.
“Strong growth requires nonstop investment. We are proud to have significantly progressed in expanding our business profitably,” said co-CEO Rubin Ritter. “As we build the technology and operating system to transform the European fashion industry, we will further invest into a unique and flawless consumer experience and a stronger supplier proposition to continue to drive growth ahead of the market. At the same time, we plan to expand our team by creating more than 2,000 new jobs this year.”
Zalando is also expanding its logistic capacities: Its pan-European logistics network will expand into 20,000-30,000 m² warehouses in France and Sweden as well as a 130,000 m² logistics center in Poland.
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