From July, Zalando will be extending its offer to waive commissions on its Connected Retail program to Poland, Sweden and Spain. The initiative, which was originally aimed at supporting brick-and-mortar stores during the coronavirus crisis, was introduced in Germany and the Netherlands on April 1.
The offer will run until the end of 2020, covering also Germany and the Netherlands where it was initially scheduled to end on May 31. On top of waiving commissions, the package includes offers of weekly payments by the e-tailer to the members of the program.
Separately, the Swedish investment company Kinnevik sold 10.6 million shares in Zalando to institutional investors. The stake represents 4.2 percent of Zalando’s capital and 16.2 percent of Kinnevik’s shareholding in the German company. According to Kinnevik’s website, the company had a 26 percent stake in Zalando prior to the placement.