|Bid||62.24 x 28600|
|Ask||62.36 x 25500|
|Day's Range||61.56 - 62.86|
|52 Week Range||27.33 - 62.86|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||227.27|
|Earnings Date||Aug 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.18|
Retailers selling fashion online are emerging as the winners of the coronavirus crisis as consumers are staying home even as stores start to reopen, results from major companies showed on Thursday. Shares in Zalando <ZALG.DE>, Europe's biggest online-only fashion retailer, jumped 11% to a new record high after it said it expects full-year sales growth of 10-20%. RBC analyst Sherri Malek said the fact Zalando had added 39% more new customers in April was "evidence of the accelerated consumer shift from offline to online".
European stocks opened higher on Thursday, with energy companies and the retail sector rising. The Stoxx Europe 600 index rose 0.7% to 336.60 and the German DAX index was up 0.4%. The FTSE 100 index rose 0.3%, while the pound gained after recent losses, after the Bank of England left key rates and its bond-buying program unchanged. U.S. stock futures rose as investors waited for weekly jobless claims data. Shares of BT Group tumbled 8% after the telecoms group said it would suspend its dividend until 2022 to fund a restructuring plan and deal with the pandemic. But those shares also fell as Liberty Global and Telefonica announced a merger of their U.K. operations in a 50-50 joint venture. Shares of Telefonica climbed 3%. Shares of Zalando SE jumped 11% after the online retailer's well-received results.
German online fashion retailer Zalando expressed optimism over the second quarter after sales rebounded from a dip in March as coronavirus lockdowns were introduced across Europe, it said on Thursday. "We are returning to a growth path faster than we had anticipated," co-Chief Executive Rubin Ritter told reporters, adding that a global recession is likely to keep spending depressed but e-commerce would still benefit from the crisis. With customers confined to their homes, Europe's biggest pure online fashion retailer has registered higher demand for leisurewear and nightwear, running and training outfits and beauty products, finance chief David Schroeder told reporters.
To the annoyance of some shareholders, Zalando (ETR:ZAL) shares are down a considerable 32% in the last month. The...
Zalando plans to offer more premium and luxury ranges and move into the vintage clothing market as the online fashion retailer predicted slower sales growth in 2020 after a strong final quarter to 2019. After a decade of rapid expansion to become Europe's biggest online-only fashion group, the Berlin-based company's sales growth has moderated, prompting it to expand into new areas like cosmetics and more items for men. Zalando now plans to double its premium and luxury product ranges by the end of 2023, noting it had recently added high-end brands like Moschino Couture and Alberta Ferretti.
Online fashion giant Zalando plans a push into the premium sector and will begin offering customers an opportunity to buy and sell pre-owned items on its platform later this year.It announced those initiatives in tandem with its 2010 results, which saw the Berlin-based company gain 17 percent more active customers to hit 31 million.This translated to 145 million orders, worth around 8.2 billion euros in gross merchandise volume, or GMV. That is an increase of 23.6 percent over 2018's GMV.Since declaring its ambition to become more of a platform for apparel sales than a manufacturer, GMV has become one of Zalando’s key indicators. Special events in the last quarter of 2019 — Cyber Monday and Black Friday — pushed GMV up 24.3 percent to 2.5 billion euros versus the prior year.Revenues lagged around the lower half of Zalando’s guidance for the full year. The German online giant grew these to 6.5 billion euros, an increase of 20.3 percent. Meanwhile adjusted EBIT — earnings before interest and taxes — increased to 224.9 million euros, at the higher end of guidance. In 2018, the company’s EBIT was 173.4 million euros.Zalando is also opening further fulfillment centers around Europe. Its increasingly important partner program, in which brands like Nike sell online using Zalando’s fulfillment services, made up 15 percent of the company’s fashion GMV in 2019.More from WWD * Climate Crisis Behind the Biggest Sportswear Trends at ISPO * Zalando Continues to Gain in Q3, but the Future Looks Expensive * Zalando's Plans to Dominate European Fashion E-commerce Bear Fruit
(Bloomberg) -- The milk float, a home-delivery service that evolved from horse-drawn carriages to early electric vehicles, belongs firmly in the past. Or does it?A little known Amsterdam-based online grocery company had revived the concept, but with a modern flourish.Picnic BV has a concept dubbed “Milkman 2.0” to deliver groceries using electric vehicles, focusing on less food waste and fewer food miles traveled. The company buys and delivers locally, with its vans going no faster that 50 kilometers per hour.“Our aim is create a sustainable infrastructure for food delivery,” Joris Beckers, the company’s 53-year-old co-founder, said in a phone interview.Founded in 2015, Picnic has unleashed a fleet of 1,000 electric vans on to the streets of the Netherlands and Germany and plans to add “hundreds more” by the end of 2020. The company says the delivery vehicle it has designed and produced is fully electric and “has no small particle emissions and prevents traffic due to its slim design.”Wealthy BackersBacked by investors including the investment arm of the entrepreneurial Fentener van Vlissingen family, the company raised 250 million euros ($278 million) in a new round of funding in November.Other backers include De Hoge Dennen Capital, the De Rijke family and Hoyberg, the investment arm of the Hoyer family, which is a shareholder of Heineken NV.“We are high growth, high risk, but in it for the long-term,” Beckers said.The company will use the cash to continue its growth and build a “robotised fulfilment center” for online groceries in Utrecht, Holland. The center will aim to process around 150,000 orders every week, it says.Building InfrastructureThe grocery-delivery market is intensely competitive, and Picnic’s concept is not entirely original. In the U.K., Ocado is among online supermarkets with no stores that delivers from its warehouses. In Germany, there’s Bringmeister.Picnic says it has a 5% market share in the most mature cities in which it is active. The grocery market in the Netherlands totals 40 billion euros and in Germany it’s 175 billion euros, according to the company.This year was a record for Picnic, which added almost 300,000 new customers in the Netherlands and Germany. Picnic’s annual revenue currently stands at about 300 million euros, but the company has its sights set on bigger things.A law graduate and a biking enthusiast, Beckers, who said at a Shop Talk Europe conference in 2017 that he “stumbled into the internet world around about 1999, when Amazon was still a little bookstore,” doesn’t want Picnic to stop at groceries.“Food is our entry point but we’re building an e-commerce infrastructure,” he said.For instance, the company is operating a number of pilot projects with fashion retailers including Zalando SE to allow customers to send their returns back via Picnic.“We are disrupting and significantly improving the e-commerce experience,” Beckers said.To contact the reporter on this story: Sarah Syed in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Vidya RootFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Today I will examine Zalando SE's (XTRA:ZAL) latest earnings update (30 September 2019) and compare these figures...
Zalando, Europe's biggest online-only fashion retailer, has rejected accusations that a performance management tool that asks employees to give feedback on each other and ranks them accordingly increases stress and infringes privacy. In a study published on Wednesday, the Hans Boeckler Foundation, a research body close to the German trade union federation, said Zalando's Zonar software had damaged the working environment without necessarily improving performance. Data privacy and colleague feedback are sensitive issues in Germany after the Stasi encouraged workers to inform on each other in the former Communist East.
Online fashion retailer Zalando on Thursday reported its strongest quarterly sales growth in two years and more than 1 billion visits to its portal, helped by a new loyalty scheme in Germany and rapid expansion in Spain, the Nordics and the Czech Republic. Third-quarter adjusted earnings before interest and tax (EBIT) came in at 6.3 million euros ($7.03 million), from a loss of 38.9 million a year ago. Zalando shares were up 3.1% in pre-market trade.
Zalando, Europe's biggest online-only fashion retailer, set a goal on Tuesday for women to hold at least 40% of top management jobs by the end of 2023 after facing criticism for its all-male management board and lack of diversity targets. The Berlin-based company, whose customers are disproportionately women, said it was aiming for a balanced representation of women and men in its top six management levels by 2023 and was also paying attention to non-binary genders. To help it reach the goal, Zalando said it would make changes to its decision-making bodies and committees, change hiring practices and work on succession planning.
Today we'll evaluate Zalando SE (ETR:ZAL) to determine whether it could have potential as an investment idea. In...
European shares steadied on Tuesday as investors sought refuge in oil stocks and defensive sectors after attacks on Saudi Arabian oil facilities over the weekend heightened political tensions. Investors were also on the fence ahead of a U.S. Federal Reserve policy meeting, where it is expected to cut interest rates for the second time this year.
Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender's recovery. In an attempt to draw a line under years of scandals and heavy losses, Sewing is pulling back from investment banking and rebuilding Deutsche Bank's corporate division by deepening existing relationships and attracting clients beyond its traditional blue-chip customers. "Deutsche Bank is a systemically relevant bank but, nevertheless, we see a possible risk and are trying to the best of our knowledge to mitigate the risk and to have a good sleep at night," Dominika Kilka-Roth, who heads Zalando's risk management, told Reuters.
Online fashion retailer Zalando <ZALG.DE> has launched a pilot to deliver orders placed by customers in Paris on the website of Adidas <ADSGn.DE> as it extends moves to allow brands to use the logistics network it has built for its own ecommerce business. The pilot is the first time the German firm is delivering goods not ordered on its own site and marks an expansion of its platform strategy under which it charges brands a commission to list on its website rather than selling the products itself. "It is a win-win situation for us," Jan Bartels, Zalando senior vice president for customer fulfillment, told Reuters.
(Bloomberg) -- Zalando SE lost money for the first five years of its existence, then in 2014 it turned a corner and began posting a profit every year. Evidence suggests meal kit startup HelloFresh SE is following a similar path.The Berlin-based food company is optimistic it can generate a group-wide operating profit this year and sustain and expand profitability in the years to come, Chief Executive Officer Dominik Richter said in an interview on Tuesday. HelloFresh shares rose the most since January in early Frankfurt trading.HelloFresh can “generate much higher profit levels than other e-commerce companies,” because the company controls the entire value chain -- from branded retail to wholesale to logistics, Richter said.The company, which assembles ingredients into boxed meal kits and seeks to convince customers of the benefits of cooking at home, earlier Tuesday reported its first quarterly operating profit, in the April-June period, after sales growth across its markets.The results are “significantly better than what we expected,” Deutsche Bank analysts Nizla Naizer and Silvia Cuneo wrote in a note to clients. They mark “a key turning point for the group in our view.”HelloFresh rose as much as 17.7%, the steepest intraday gain since Jan. 18.The Berlin-based startup is especially strong in the U.S., its biggest market, where it’s surpassed Blue Apron Holdings Inc., expanded its choice of meals, and this week started a special “date night” kit in a marketing partnership with businesswoman and actress Jessica Alba.To contact the reporter on this story: Stefan Nicola in Berlin at email@example.comTo contact the editors responsible for this story: Rebecca Penty at firstname.lastname@example.org, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Online fashion retailer Zalando raised its profit guidance on Thursday after a big jump in visits to its website, with the company citing efforts to provide a best-in-class fashion experience and more speedy delivery options. The Zalando news helped to lift other fashion stocks, such as H&M, while Next and Puma extended gains recorded on Wednesday when both reported strong results. Zalando, Europe's biggest online-only fashion retailer, has been trying to counter a squeeze on profitability as it has invested heavily in logistics to speed delivery.