Thursday, March 5, 2015

Zalando expands – Swedish newspaper Svenska Dagbladet

In particular, Zalando to recruit people in IT and logistics. The company invests in new technology in order to achieve the target of a sales growth of between 20 and 25 percent this year.

– We do not lift the foot off the accelerator. Our ambition is to compare us with large, global Internet and e-commerce platforms such as Amazon, Google and Alibaba and raise our business to the next level, said Rubin Ritter, a member of the Executive Board, at a press conference.

According to Ritter aiming at Zalando take 2-3 percent of the European fashion market is currently worth 420 billion euros. The sale would then land at EUR 10 billion, compared with EUR 2.2 billion in 2014.

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