Monday, 15 March 2021

Zalando's outlook for 2021 revenue growth well above market expectations

German online fashion retailer Zalando said on Monday its revenue expectations for 2021 were significantly above market projections, following a strong start to the year.

Gross merchandise volumGMV growth was around 50% in the first quarter, marking an “an extraordinarily strong start to the year”, the company said.e (GMV) - or sales made on its site by itself or by its partners - would likely increase 27%-32% to between 13.6 billion euros ($16.22 billion) and 14.1 billion euros in 2021.

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