Zalando doubles sales

Published: 19-Feb-2013
Finance

2012 results passed €1bn


The German online clothing, textiles and fashion group Zalando, which includes cosmetics distribution in its trading mix, more than doubled sales in 2012 to €1.1bn. However, losses linked to recent expansion and a high product return rate (around 50%) increased. Operating losses are estimated at some €90m and no net profit figure has been published.
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