Online shoe retailer reports Q1 revenue growth of - footwearbiz: Lead

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Online shoe retailer reports Q1 revenue growth of almost 25%

01/06/2016
German online footwear retailer Zalando has reported revenue growth of 23.7% for the first quarter of 2016, reaching almost €800 million.

On announcing its figures for the quarter, Zalando said it expects online retail to keep growing in Europe and for sales revenues (for all online retailers) to grow by 9% in 2016. It also said online sales of footwear and fashion are among the biggest drivers of this growth.

Zalando now has 18.4 million registered customers, a figure it says is growing all the time.


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