|Bid||0.00 x 28600|
|Ask||0.00 x 25500|
|Day's Range||25.26 - 25.73|
|52 Week Range||24.81 - 50.34|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||109.57|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.69|
Europe's biggest pure online fashion retailer, cut its 2018 outlook for a second time in as many months, blaming a long, hot summer and sending its shares reeling by 17 percent. Pascale Davies reports.
While two reductions of its sales forecast in six weeks sent the stock into a tailspin, Zalando retains many attractions including a market leading online fashion platform, the data of more than 25 million customers and more than 2.5 billion customer website visits per year, Baader Helvea’s Volker Bosse said in a note. Given that the company’s shareholder structure is dominated by finance investors, “we see the potential that these investors could sell if the offered price is right,” wrote Bosse, who has a buy recommendation on the stock.
1104 GMT - Swatch’s 2H sales growth and 2018 EBIT margin expansion should be lower than previously expected, Bryan Garnier analysts say, cutting the Swiss watchmaker’s price target to CHF390 from CHF450. The brokerage had anticipated a slowdown in second-half sales growth due to a tougher comparison basis but now lowers its 2H growth forecast to 3%, citing market volatility, the Chinese yuan’s weakness and Swatch’s high exposure to the wholesale market.
Some British retailers have grown tired of taking part in a foreign invention and want to retreat — even as their counterparts in continental Europe are ramping up their engagement. Black Friday has been a disaster for British retailers. The event has come later to continental Europe, with retailers there beefing up their Black Friday efforts over the past couple of years.
Zalando (ZALG.DE), Europe's biggest online only fashion retailer, is working to counteract a fall in average order size and to ensure more returned goods are resold after it reported the slowest sales growth since it was launched a decade ago. Facing rising competition from e-commerce players like Amazon.com (AMZN.O) and chains like H&M (HMb.ST), Zalando cut its 2018 outlook for a second time in as many months in October due to the unusually long, hot summer, sending its shares tumbling. Shares in Zalando, which have fallen by a quarter in the last year, were 6.4 percent lower at 32.19 euros by 1014 GMT, making them the biggest decliners on the German MDAX index (.MDAXI).
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Germany-based Zalando (ZALG.DE) is expanding its beauty business to Austria and Poland, and adding men's grooming products, the online specialist fashion retailer said on Thursday. Zalando hopes that offering beauty products will help counteract a decline in average order size which has weighed on its profitability, saying that 70 percent of customers who order cosmetics also buy fashion items.
Unseasonable weather can play havoc with retailers' sales.So, with the high temperatures that Europe enjoyed this summer continuing into September, sales of coats and sweaters are bound to have taken a hit.
Zalando (ZALG.DE), Europe's biggest online only fashion retailer, cut its 2018 outlook for a second time in as many months, saying a long, hot summer had taken its toll and wiping as much as 20 percent off the value of its shares. Co-CEO Rubin Ritter said a delayed start to autumn meant selling fewer higher-priced cold-weather garments and more discounting. Zalando said higher fulfilment costs were another factor that weighed on profitability.
How much was Europe’s hot summer really to blame for Zalando’s reduced outlook for the year? Berenberg said the reduced guidance wasn’t just a reflection of the weather, while Commerzbank expressed surprise at the impact on earnings, downgrading the stock to hold.
Zalando, Europe's biggest pure online fashion retailer, cut its 2018 guidance for a second time in as many months, saying the unusually hot summer and a delayed switch to the fall/winter season weighed on revenue growth and earnings. Zalando said higher discounts on summer stocks and higher fulfilment costs were weighing on profitability. H&M, the world's second-biggest fashion retailer, reported on Monday that its sales bounced back in the third quarter, helped by a new logistics system, as a revamp to meet growing online and budget competition was paying off.
Jeez, Europe, what more do you need? More than twice the population of the U.S. The finest cars, watches, wine, beer—OK, the Americans do better beer now, but still. The heyday of Nokia Corp. and Ericsson AB is a distant memory, and Europe doesn’t have anything remotely comparable to Apple, Amazon, Alphabet, Microsoft, or Facebook, or Alibaba or Tencent, companies with market values ranging from $400 billion to $1 trillion and counting.
Europe's biggest pure online fashion retailer Zalando (ZALG.DE) on Tuesday trimmed its full-year sales and profit outlook after the hot summer hit demand for some clothing ranges and a rise in shopping on mobile phones devices cut average transaction size. Co-Chief Executive Rubin Ritter told reporters that sales of merchandise usually sold between spring and summer like lightweight jackets had been hurt after a late start to the spring season was followed by a sudden shift to hot weather. Zalando said active customers had reached a new record of 24.6 million in the quarter, but average "basket" size fell to 60.40 euros from 64.50 euros a year ago.
Europe's biggest online fashion retailer Zalando (ZALG.DE) is opening its first bricks and mortar beauty store in Berlin this week, seeking to buff up its credentials in the market for cosmetics, skin care and fragrance products. Zalando started selling branded beauty products online in Germany in March this year, and its first foray into a physical store is aimed at establishing its reputation in beauty by hosting make-up masterclasses and exclusive product launches. Fashion retailers such as H&M (HMb.ST) and Inditex's (ITX.MC) Bershka and Oysho are rolling out their own cosmetics lines.