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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 move is a reversal for Berlin-based Zalando, which had been talking up the prospects of its in-house labels and their attractive profit margins. It also contrasts with the strategy of smaller rivals Asos Plc, about half of whose business comes from private labels, and Boohoo Group Plc, where the share is about 90 percent. Amazon.com Inc. has also created dozens of in-house apparel brands.
slipped after the UK Civil Aviation Authority joined worldwide regulators in grounding Boeing’s B737 Max in the wake of Sunday’s Ethiopian Airlines crash. edged higher on expectations that production delays would cap European short-haul capacity growth. Ryanair was due to take delivery of 33 Max jets this year while Norwegian Air Shuttle and Turkish Airlines had ordered 16 and 12 respectively, so any delays have the potential to “meaningfully lower” capacity growth and boost sector pricing power, the broker said.
Zalando will offer beauty products in five new markets and add more brands from Estee Lauder, Europe's biggest online-only fashion retailer said on Tuesday, as it encourages fashion shoppers to spend a little extra on accessories. Zalando first started selling women's beauty products a year ago in Germany in a bid to counter a fall in average order size and boost profitability by encouraging customers to add a lipstick when they buy a dress. Beauty products will be available in Sweden and Denmark immediately and in France, Belgium and Italy over the next two months.
Zalando, Europe's biggest online-only fashion retailer, set itself a target to triple the value of goods sold on its site in the next five to six years as it seeks to become the go-to app for fashion. Zalando shares had plunged 44 percent in the last year after the company cut its outlook twice, blaming slower sales growth on the unusually long, hot summer in Europe, with profits squeezed by rising competition from the likes of Amazon.com and H&M. For 2019, Zalando said it was targeting growth in gross merchandise volume (GMV) - the value of products sold on its site - of 20-25 percent, and an adjusted operating profit of 175 million euros to 225 million euros.
"The Flexo is an automated fulfillment solution that, as its name suggests, is a flexible sortation system," said Gopal Krishna, the global head of marketing at GreyOrange. Butler is an artificial intelligence- powered system that works in the goods-to-person environment, helping optimize warehousing operations from inventory management to order picking.
’s future depends on how it adapts to declining letter volumes, which will determine the courier’s ability to sustain its current dividend and pension policies, Cantor Research says. The company reported that business uncertainty is impacting letter volumes, and that it now sees a decline beyond its forecast of between 4% and 6% for fiscal 2020. The delivery service is set to announce an update setting out its new strategy in May. “The attractive dividend yield probably sets a floor for the stock at current levels but we see no compelling ‘buy’ case pending the strategy update,” Cantor Research says.
Employees will not need a key to get into the office of the future when it opens in Berlin this year, featuring ample meeting space, plenty of copy machines always stocked with paper along with high-quality air processed to maximize worker health and minimize sick time. Fierce competition for talent is turbo-charging the trend in Berlin. Property owners in Berlin are taking a cue from the Netherlands, home to several intelligent and sustainable office projects.
BERLIN/MADRID, Dec 21 (Reuters) - Models testing fashion brands like Adidas, Benetton and Gap are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back. Calculating sizes more accurately could help online retailers like Germany's Zalando and Britain's ASOS cut costly returns and improve customer satisfaction. "If you try on the same brand in a different colour it is sometimes a different size," Zalando fitting model Savina Bellotto said as she squeezed a foot into a stiletto shoe with a shiny silver buckle that dug into her ankle.
BERLIN/MADRID (Reuters) - Models testing fashion brands like Adidas, Benetton and Gap are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back. Calculating sizes more accurately could help online retailers like Germany's Zalando and Britain's ASOS cut costly returns and improve customer satisfaction. "If you try on the same brand in a different colour it is sometimes a different size," Zalando fitting model Savina Bellotto said as she squeezed a foot into a stiletto shoe with a shiny silver buckle that dug into her ankle.
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).
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.