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Zalando sales hit €1.5bn

German clothing and footwear etailer Zalando recorded sales of €1.5bn (£900m) for the full year to the end of 2012.

The etailer said that it broke even for the first time in its core home region, comprising Germany, Austria and Switzerland, although did not reveal a figure.

Sales grew at a rate of 125% compared to 2011.

Robert Gentz, founder and managing director of Zalando said: “By launching shops in several new countries we have now established a broad footprint. This will be the basis for Zalando’s growth for the years to come.”

In August last year Zalando received an undisclosed amount of investment funding from JP Morgan Asset Management and Quadrant Capital Advisors to help with its growth in Europe.

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