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Zalando doing good business in 1st quarter 2021

The online retailer’s gross turnover increased by 55.6% and amounted to 3.2 billion euros in the first quarter. Zalando now has 41.8 million active customers

Chief Financial Officer David Schröder: “In the first quarter of 2021, Zalando achieved the strongest growth ever since the IPO in 2014. We see that our platform activities are developing faster and faster. This benefits both customers and partners and allows us to make great strides in our mission to be the entry point for fashion.”

Zalando will expand its European logistics network of 10 fulfillment centers and add five fulfillment centers to the existing network by 2023. Two centers in Bleiswijk and Madrid are almost ready and will be operational in 2021. Construction of three new fulfillment centers in France, Germany and Poland will start shortly.

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