|Bid||34.63 x 28600|
|Ask||34.62 x 25500|
|Day's Range||34.25 - 34.98|
|52 Week Range||30.18 - 50.34|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||104.88|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.43|
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.
The shares rose as much as 12 percent in London, the most in more than three years. Key InsightsRetailers like Asos that produce and sell their own labels continue to beat out rivals dependent on other companies. Unpredictable weather earlier this year caused the likes of Zalando SE to struggle.
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.
The rollout encompasses around 2,000 stores in 48 countries, including the U.S., making it one of the largest-scale attempts by an apparel company to repurpose downtown shops to help fulfill online orders. Executives at Zara, whose Spanish parent company Industria de Diseño Textil SA is the world’s largest fashion retailer by sales, say they expect to complete the transformation by year’s end. For instance, a Zara blazer could be out of stock online but available at a store near where the online shopper lives.
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.
Europe's biggest online fashion retailer Zalando (ZALG.DE) plans to expand to Ireland and the Czech Republic and could add other markets later, but does not expect profitability to increase for years as it invests heavily in logistics and technology. "We will not see increases in profitability for the coming years," co-Chief Executive Rubin Ritter told an annual strategy day, adding that a long-term target for an operating profit margin of 10 percent had been pushed further out.
FRANKFURT (Reuters) - German online fashion retailer Zalando (ZALG.DE) said on Thursday it would launch a 50 million euro (44 million pounds) share buyback to cover its management stock option programmes. ...
Europe's biggest online fashion retailer Zalando (ZALG.DE) said the launch of beauty products in Germany had made a promising start and its active customer numbers jumped in the first quarter but a late start to spring hit profitability. Unseasonally cold weather across Europe in March delayed sales of spring and summer fashions and prompted more discounting to shift stock, denting profits, co-Chief Executive Rubin Ritter told reporters.
Europe's biggest online fashion retailer Zalando said the launch of beauty products in Germany had made a promising start and its active customer numbers jumped in the first quarter but a late start to spring hit profitability. Zalando's active customer numbers rose 17 percent to 24 million, while average orders per active customer also hit an all-time high.