Brick-and-mortar fashion retailers have been struggling for some time, and now online retailers appear to be facing similar challenges. As the infographic shows, the share prices of industry leaders ASOS and Zalando have declined significantly in recent weeks. British online fashion retailer ASOS recently issued a profit warning, which, according to analysts, has also negatively impacted the share price of German online retailer Zalando. Previously, fashion companies Sports Direct, Super Dry, and Tom Tailor had already issued profit warnings.
Many fashion companies are experiencing a downturn this year, primarily due to the prolonged heatwave last summer, which severely disrupted seasonal planning. In previous years, both ASOS and Zalando had enjoyed strong growth, generating revenues in the low single-digit billions.
Germany's Top 10 Online Fashion Retailers
Amazon may be number one in the overall market in Germany, but when it comes to clothing and shoes, Zalando is unbeatable. This is according to the study "E-Commerce Market Germany 2018," published jointly by Statista and the EHI Retail Institute. Analysts estimate the company's revenue for the past year at €1.3 billion. Bonprix.de (€591.3 million) and hm.com/de/ (€442.4 million) follow in second and third place, respectively, with a considerable gap.
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