Zalando ponders opening stores in major cities: Manager Magazin
Reuters
Published Apr 29, 2017 04:54AM ET
Zalando ponders opening stores in major cities: Manager Magazin
BERLIN (Reuters) - Online fashion retailer Zalando (DE:ZALG) is pondering opening stores in major cities such as London, Paris or Berlin, the company's co-chief executive told Germany's Manager Magazin.
"We have proper fans in the metropolises who spend much time with us and order a lot," co-Chief Executive Rubin Ritter said in an interview published on Saturday.
"It could be interesting for them to also experience the brand offline," he said.
Founded in Berlin in 2008, Zalando has grown rapidly to become one of the German capital's biggest employers, delivering 1,500 brands in 15 countries from huge out-of-town warehouses.
Zalando's purchase in 2015 of the Berlin-based fashion trade fair "Bread & Butter" marked a first step to offer services that go beyond pure e-commerce, said Ritter, also citing Zalando's acquisition last month of streetwear retailer Kickz.
Separately, Zalando is mulling introducing 3D printing for smaller and medium fashion labels, said Ritter, noting it would be economically beneficial to use the technology to reprint top-selling sneakers in Berlin.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.