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Zalando reports big jump in brands using its services

Zalando said total revenue for the second quarter was up 27%.
Zalando said total revenue for the second quarter was up 27%.

Zalando, Europe's biggest online only fashion retailer, reported a more than doubling of sales on its site from brands seeking to expand their online presence.

The German retailer said this helped to grow total revenue for the second quarter by 27%.

Zalando said adjusted operating profit more than doubled to €212 million on revenues of €2.03 billion, around the mid-point of the results range it announced last month when it hiked its full-year guidance.