Zalando and Co. make big cash in Swiss online retail

The biggest opponents of the Swiss retail trade were once again the foreign online trade and the strong Swiss franc last year. Overall, retail sales stagnated at 0.1 percent. Sales in the clothing and footwear sector were hit hardest by 4.5 percent, as the CS economists write in the study published on Tuesday. No wonder, because here the German online giant Zalando continued to spread.

Zalando was already responsible for 44 percent of foreign online sales in 2018. Last year, the giant from Berlin increased its sales by a further 7 percent to CHF 900 million, the CS economists estimate.

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