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Zalando raises FY21 sales and profit outlook

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Zalando newsroom

Zalando has upgraded its outlook for the financial year 2021 following strong and profitable growth in the first quarter, continued elevated growth levels in the second quarter, and a stable outlook for the second half of the year.

The company now expects gross merchandise volume (GMV) to grow 31-36 percent to 14 to 14.6 billion euros for the financial year 2021. The company expects revenues to grow 26-31 percent to 10.1-10.5 billion euros and an adjusted EBIT of 400-475 million euros in the same period.

Zalando previously assumed GMV growth of 27-32 percent, revenue growth of 24-29 percent and an adjusted EBIT of 350-425 million euros for the full year 2021.

Zalando’s Q1 sales and profit surge

Zalando reported GMV growth of 55.6 percent to 3.2 billion euros and revenue growth of 46.8 percent year-on-year to 2.2 billion euros in the first quarter fuelled by a continued rise in consumer demand for online offerings and an outstanding growth in the partner business.

In addition to a very strong growth momentum, Zalando achieved a positive adjusted EBIT of 93.3 million euros or margin of 4.2 percent, which was mainly driven by a strong sell-through and a continued lower return rate. The company also saw active customers reach 41.8 million at the end of the first quarter.

Commenting on the first quarter trading, Zalando’s chief financial officer David Schröder said: “In the first quarter of 2021, Zalando delivered the strongest growth ever since going public in 2014. We see our platform business unfolding at increasing speed, creating benefits for customers and partners alike and allowing us to make fast strides on our journey towards being the starting point for fashion.”

The company plans to expand its European logistics network of currently 10 fulfilment centers and add five fulfilment centers to the existing network by 2023. The company said, two centers in Rotterdam and Madrid are close to completion and will go live in 2021. Construction works on three new fulfilment centers in France, Germany, and Poland will kick off in the next twelve months.

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Fashion

Video: Anne Barge SS22 collection

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Video: Anne Barge SS22 collection

In this video, fashion label Anne Barge has presented its SS22
collection at New York Bridal Fashion Week (NYFW).

Watch the video below.

Do you want to see more clothing collections? Click here to view the FashionUnited Marketplace.

Video: VRAI Magazine via YouTube

Photo credit: VRAI Magazine, YouTube

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Fila collaborates with Flock Together initiative on capsule

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Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together

Sportswear label Fila has unveiled a collaboration with birdwatching initiative Flock Together in the form of an apparel and footwear capsule, to be exclusively sold through LN-CC.

In a range of hike-wear gear made for urban exploring, the collection intends to bring people into nature and engage with their community. The selection includes a reinvented version of the Fila Trailblazer hiking shoe and two shearling fleece designs.

The colourways of the line are inspired by the Kingfisher bird, with a scannable near field communication (NFC) tag present in the hiking shoe that takes buyers to a dedicated page outlining the best places in the UK to spot a Kingfisher.

Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together

15 percent of all sales of the collection will go towards the Flock Together community fund.

Buying and creative director at LN-CC, Reece Crisp, expressed his enthusiasm over the collaboration in a release, stating: “We’re super excited for LN-CC to be part of this project.

“Flock Together encompasses everything that’s great about community and wellness, two driving forces that are integral to LN-CC too.

“Flock Together’s growth has been both a reaction to, and antidote from, a difficult eighteen months by bringing people together and encouraging outdoor consciousness, so we are honoured to share our platform in amplifying its much-needed positivity while working with Fila in creating this tribute to the Kingfisher.”

Flock Together, founded back in the 2020 covid-19 lockdowns, brings BIPOC together to engage in birdwatching and other nature-oriented activities.

It has previously partnered on an event with Timberland, hosting a range of spoken word presentations at the nature reserve, Woodbury Wetlands. Sponsored by the apparel label, the event aimed to promote the voices in its growing community adjacent to guiding guests through the nature reserve.

Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together
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Video: Jenny Yoo SS22 collection

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Video: Jenny Yoo SS22 collection

In this video, fashion label Jenny Yoo has presented its SS22 collection
at New York Bridal Fashion Week (NYFW).

Watch the video below.

Do you want to see more clothing collections? Click here to view the FashionUnited Marketplace.

Video: Jenny Yoo via YouTube

Photo credit: Jenny Yoo, YouTube

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