Zalando moves from online to outlet

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Zalando, Europe’s largest fashion e-retailer, is about to open a 4th outlet store in Hamburg, Germany. This is in the former Thalia bookstore on the Grosse Bleichen street, where annual rents reach €1,800 / sq.m GLA, for a sales area of 2,000 sq.m on two floors. Currently, Zalando operates outlet stores in Berlin, Cologne and Frankfurt, all selling previous season fashions. In the first half 2017, its turnover growth “slowed” to 22% at €2.1 billion. In 2016, Zalando was profitable with a...

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