Lot78 increases its distribution with multi-national e-commerce giant Zalando
NEW YORK, Jan. 22, 2014 /PRNewswire/ -- Ollie Amhurst CEO of Lot78 (OTCQB: LOTE) says, "We are extremely excited to be launching with Zalando within their 'Premium' section with both our men's and women's collection for Spring/Summer'14. Zalando are a major force within the e-commerce retail sector and will ensure we reach out to more consumers world wide."
Zalando is Europe's leading online retailer for shoes and fashion. Their extensive selection for women, men and children, ranges from popular high street brands to much sought-after designer labels from over 1,500 different international brands.
Exclusive accessories, beauty essentials and sportswear make up Zalando's wide range of products. A combination of unique services: free delivery and returns, a free service hotline and a 30 day returns policy make online shopping at Zalando an easy and secure shopping experience.
The company was founded in 2008 by Robert Gentz and David Schneider, and its headquarters are located in Berlin. Since then, it has expanded to offer its retail services in a total of 15 European countries.
Following on from its success in the German market, Zalando launched in Austria in 2009 and the Netherlands and France in 2010. Expansion to Italy, Great Britain and Switzerland followed in 2011, along with Sweden, Belgium, Spain, Denmark, Finland, Poland and Norway in 2012. Adding Luxembourg in Nov. 2013.
For the first half year of 2013, Zalando reported net sales of 809 million EUR.
About Lot78, Inc - Lot78, Inc. is a trend-setting leader in the design, marketing, distribution and sale of urban apparel – retailing under the brand name "Lot78" in five continents, including: North America, Europe, Asia, Australia, and South America. Lot78 has been featured in US Weekly, Elle Magazine, Financial Times, Harrods Magazine, The London Evening Standard, and Grazia Magazine as an emerging global brand.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, Lot78's products to gain market acceptance, and the difficulties faced by an early stage retail fashion company in the competitive retail fashion industry. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic and current reports filed from time to time with the Securities and Exchange Commission.
SOURCE Lot78, Inc.