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Co-CEO Robert Gentz said the company recorded double-digit growth in B2B GMV in Q2, showing that its "growth vectors are delivering."

B2B expansion continues to bring new life back to Zalando’s gross merchandise value (GMV) in Q2.

Zalando is one of Germany’s biggest online retailers. In its fiscal Q2 ended June 30, Zalando posted total GMV of 3.842 billion euros ($US 4.300 billion). That’s a 2.8% increase from 3.736 billion euros ($US 4.181 billion) in the second quarter of 2023.

Group revenue grew year over year to 2.643 billion euros ($US 2.958 billion). That’s up 3.4% from 2.556 billion euros ($US 2.860 billion) in Q2 2023. Meanwhile, net income was 95.7 million euros ($US 107.11 million), which compares to 56.6 million euros ($US 63.34 million) in the prior year.

Zalando SE is No. 5 in Digital Commerce 360’s Europe Database. The database ranks the region’s 500 largest online retailers by annual web sales. Digital Commerce 360 categorizes it as an Apparel & Accessories retailer.

Zalando B2B GMV in Q2

B2B GMV grew more than three times faster than total GMV in Q2 for Zalando. It also increased 10.2% year over year, to 233.8 million euros ($US 262.08 million) from 212.0 million ($US 237. 26 million).

“In B2B, Zalando is opening up its logistics infrastructure, software and service capabilities to be a key enabler for e-commerce transactions of brands and retailers, regardless of whether they take place on or off the Zalando platform,” the company said in a statement. “In the second quarter, ZEOS enabled Switzerland as a new market, bringing the total to 12 and added a new shopping club as a sales channel.”

Zalando launched its Zeos business in 2023 to “shape the European fashion and lifestyle industry beyond its own consumer business,” according to an announcement from Zalando. “It makes the company a key enabler for e-commerce transactions beyond Zalando, for example via the About You, ASOS or Otto marketplaces.”

Over the past 15 years, Zalando has built an operational logistics and technology backbone tailored to the needs of the fashion and lifestyle industry, the company says. Today, the ecommerce and logistics platforms are part of Zeos.

“We also recorded double-digit growth in B2B, demonstrating that both our growth vectors are delivering,” says co-CEO Robert Gentz.

Check back for more earnings reports. Click here to read last quarter‘s Zalando earnings article.

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