Zalora Philippines targets 50-per-cent annual sales growth

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.