DUBLIN, March 21, 2016 /PRNewswire/ --
German e-commerce giant Zalando SE is hoping new investments in technology will help it reach 10 billion euros ($11.2 billion) in sales by early next decade. The online marketplace is becoming increasingly competitive, with Amazon expanding its fashion business in Europe and Yoox Net-a-Porter Group signing a deal with IBM. Reports this week suggest Zalando, Europe's biggest online fashion retailer, could form an alliance with ride-hailing service Uber.
The global e-commerce logistics market is projected to grow at a rate of 9.69% by 2020, with a report highlighting fashion goods as a key market driver. Several trends are emerging in the market, such as the sale of luxury items or "luxury e-tailing", which is set to grow 14.28%. Recent collaborations between e-commerce companies and logistics providers are also expected to aid in market growth. A deal between Zalando and Uber would be particularly significant, and could make it easier for the retailer to manage deliveries and for customers to return unwanted merchandise.
Zalando is exploring several other opportunities to boost profitability. This includes building a new system to make it easier for brands such as Adidas and Nike to sell through Zalando's site. The company is hoping that providing online marketing services for these brands can boost profitability over time.
E-commerce has transformed the global express and small parcels market, according to a new report. Alternative delivery solutions such as retail locations (click & collect), transport modes (train stations and other commuter centers), parcel shops (UPS access points) and lockers are already impacting how the industry operates. Businesses are working to harness this growth through a variety of means. Zalando has sought an advantage by developing its own software for displaying clothes online and coordinating the flow of goods among warehouses.
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Laura Wood,Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: +1-646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets