B2B expansion continues to bring recent life back to Zalando’s gross merchandise value (GMV) in Q2.
Zalando is considered one of Germany’s biggest online retailers. In its fiscal Q2 ended June 30, Zalando posted total GMV of three.842 billion euros ($US 4.300 billion). That’s a 2.8% increase from 3.736 billion euros ($US 4.181 billion) within the second quarter of 2023.
Group revenue grew yr over yr to 2.643 billion euros ($US 2.958 billion). That’s up 3.4% from 2.556 billion euros ($US 2.860 billion) in Q2 2023. Meanwhile, net income was 95.7 million euros ($US 107.11 million), which compares to 56.6 million euros ($US 63.34 million) within the prior yr.
Zalando SE is No. 5 in Digital Commerce 360’s Europe Database. The database ranks the region’s 500 largest online retailers by annual web sales. Digital Commerce 360 categorizes it as an Apparel & Accessories retailer.
Zalando B2B GMV in Q2
B2B GMV grew greater than thrice faster than total GMV in Q2 for Zalando. It also increased 10.2% yr over yr, to 233.8 million euros ($US 262.08 million) from 212.0 million ($US 237. 26 million).
“In B2B, Zalando is opening up its logistics infrastructure, software and repair capabilities to be a key enabler for e-commerce transactions of brands and retailers, no matter whether or not they happen on or off the Zalando platform,” the corporate said in a press release. “Within the second quarter, ZEOS enabled Switzerland as a brand new market, bringing the overall to 12 and added a brand new shopping club as a sales channel.”
Zalando launched its Zeos business in 2023 to “shape the European fashion and lifestyle industry beyond its own consumer business,” in line with an announcement from Zalando. “It makes the corporate a key enabler for e-commerce transactions beyond Zalando, for instance via the About You, ASOS or Otto marketplaces.”
Over the past 15 years, Zalando has built an operational logistics and technology backbone tailored to the needs of the style and lifestyle industry, the corporate says. Today, the ecommerce and logistics platforms are a part of Zeos.
“We also recorded double-digit growth in B2B, demonstrating that each our growth vectors are delivering,” says co-CEO Robert Gentz.
Check back for more earnings reports. Click here to read last quarter‘s Zalando earnings article.
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