Global Fashion Group, the online fashion and lifestyle destination that targets growth markets, has delivered another profitable quarter in Q2, saying it saw “a strong set of results and gross margin improvements”.
Global Fashion Group saw a strong Q1 as it attracted more customers to its websites and enjoyed a solid recovery in repeat customers. It also attracted more brands and marketplace net merchandise value almost doubled.
Zalora owner Global Fashion Group said Monday that it delivered a strong Q1 with year-on-year net merchandise value rising an impressive 22% to €341m on a constant currency basis, with active customers up 14.5% to 11.5m.
Rocket published its Q2 results for Global Fashion Group Friday so just how did the giant online e-tailer fare? It's doing well, apart from still being lossmaking. But losses have dwindled while sales are on the rise