275 results found for "zalando"

For the second consecutive year, Zalando has seen a decline in its revenue. A growing portion of its income comes from sales partners on the platform. Zalando aims to actively focus on providing support to other ecommerce companies.

Zalando expects its revenue to be 0.5 to 3 percent lower this year compared to 2022, when the company already saw a 0.1 percent decrease in revenue. While the bottom line loss is narrowing, Zalando is struggling to attract buyers. Particularly in the DACH region, spending is under pressure.

Zalando launched ZEOS: a brand-new service designed to provide fulfillment solutions to fashion and lifestyle retailers. Zalando is now extending its logistic services to both affiliated and non-affiliated sellers.

Online marketplace Zalando has removed product reviews from its platform. Instead of posting a review about a product, customers can now answer a survey about the product information featured on a page.

Zalando reported an 87 percent surge in adjusted earnings before interest and tax (adjusted EBIT) in the second quarter. On the other hand, the value of the trading volume declined by two percent to 3,7 billion euros. Because of these results, the platform expects the adjusted EBIT in 2023 to be 300 million euros to 350 million euros.

Zalando has partnered with Savrr, a relatively unknown start-up until recently. Together, they offer German Zalando customers a new service: 'save now buy later', the counterpart of 'buy now pay later'.

Zalando launches a body measurement feature to assist customers in the DACH region in finding their right size. They receive size advice based on their measurement by taking two pictures of themselves. With this tool, size-related returns should be reduced.

Fashion giants About You, Yoox Net-A-Porter and Zalando are expanding their ‘Fashion leap for climate’ initiative. The climate learning platform will now be extended to 250 brand partners. Last year, in the platform’s first year, it included 55 brands.

In 2022, Zalando generated a revenue of 1.79 billion euros in Switzerland. It is the biggest online store in the country. Two thirds of the country’s top 30 online stores have either shrunk or stagnated compared to 2021.

Fashion platform Zalando is going to launch a fashion assistant powered by ChatGPT on the website and app. It will start with a beta version, which will be available to selected customers in Germany, Ireland, the United Kingdom and Austria by Spring.

Ecommerce giant Zalando is streamlining its range. As a result, it will remove products of brands on June 30. After that, the brand will be completely deleted from the platform’s data.

Zalando saw its earnings before interest more than halve last year. The platform’s sales increased slightly by 3 percent compared to a 34 percent growth in 2021. After a tough year, the fashion giant predicts revenue could shrink in 2023.

Zalando is introducing a base rate for third-party sellers and brands starting July 1st. Partners will have to pay a monthly 40 euros. In addition, the fashion retailer will increase commissions per sold item for certain products.

Zalando is planning to cut up to 5 percent of its employees. The online fashion giant said in a note to staff it would eliminate hundreds of jobs. This makes Zalando part of a growing list of ecommerce companies laying off staff due to the current economic situation.

In the three weeks up to Black Friday, Zalando’s product prices increased by 8 percent. At the start of Black Friday week, prices dropped again by 18 percent. At the end of the week, prices had dropped 23 percent.