Zalora Philippines targets 50-per-cent annual sales growth
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Fashion e-tailer Zalora Philippines is targeting 50 percent annual growth in sales over the next five-year period.
The firm’s confidence in its target is based on the number of Filipinos embracing online shopping.
“We will end the year with more than 50 percent growth year on year,” said Zalora Group CEO Gunjan Soni, “and we expect that trajectory to continue”.
“We actually see that trend continuing in terms of very high double-digit growth for at least the next five years,” said ZPH president and CEO Paolo L. Campos III. “We don’t see growth tapering, we see it sustaining at the very high double-digit level.”
Zalora also operates in Singapore, Malaysia, Thailand, Vietnam, Taiwan, and Hong Kong.
Questions & Answers
Q.What is Zalora Philippines' sales growth target for the next five years?
What is Zalora Philippines' sales growth target for the next five years?
Zalora Philippines is aiming for 50 percent annual growth in sales over the coming five-year period. The company expects this high double-digit growth trajectory to continue.
Q.What is the basis for Zalora Philippines' confidence in its growth target?
What is the basis for Zalora Philippines' confidence in its growth target?
The firm's confidence is founded on the increasing number of Filipinos who are adopting online shopping. This trend is expected to sustain high double-digit growth.
Q.Does Zalora operate in other countries besides the Philippines?
Does Zalora operate in other countries besides the Philippines?
Yes, Zalora also has operations in Singapore, Malaysia, Thailand, Vietnam, Taiwan, and Hong Kong. It is not limited to the Philippines market.