Zalando, the German fashion e-tailer, has said that after impressive sales growth in 2021, it expects the same to be slower in 2022.
2021 had seen the e-tailer’s sales soar by a good 30 per cent.
Also, the gross merchandise value (GMV) rose by 34.1 per cent to £11.9 billion during the year – all thanks to robust consumer demand and growth in partner adoption of its platform services.
Notably, the online fashion retailer’s revenue grew by 29.7 per cent to £8.7 billion and attained an adjusted EBIT of £391 million.
Moving forward, Zalando plans to reach over £25 billion in GMV by 2025 – what’s noteworthy is that the e-tailer is, reportedly, well on track to achieve this.
Importantly, Zalando also gained over 10 million new customers during the financial year, thereby driving its active customers’ base to more than 48 million across 23 markets.
Founded in 2008, Berlin-based Zalando also has offices (tech hubs) in Dublin, Ireland; Dortmund, Germany and Helsinki, Finland.
