|Bid||38.51 x 28600|
|Ask||38.54 x 25500|
|Day's Range||37.76 - 38.76|
|52 Week Range||20.99 - 50.34|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||202.68|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.18|
Berlin-based personalised fashion start-ups Outfittery and Modomoto are merging in an effort to accelerate growth in Europe, where they compete with online-only retailer Zalando's own bespoke clothing business. Seven-year-old Outfittery is tying up with the smaller Modomoto in an all-share deal, expanding the online menswear business that in effect works as a personal shopper for its growing customer base. Julia Boesch, co-founder and CEO of Outfittery, will head the combined company, which she said would be "the European leader in personalised fashion shopping".
Zalando plans to boost delivery of goods direct from partner fashion stores, in a bid to capture more than 1 billion euros (867.97 million pounds) in sales that are missed annually when stock is not available in warehouses. Europe's biggest online fashion retailer already sells items from more than 1,000 German stores on its website, but wants to add up to 70,000 stores in the next three to five years, said Carsten Keller, head of "connected retail" at Zalando. "It is a massive stock pool we are tapping into," Keller told Reuters on the sidelines of the World Retail Congress, an annual meeting of the industry in Amsterdam, noting that connecting offline to online retail was a big trend in China.
Zalando says style advice and a personal shopping service are encouraging customers to spend more on their orders, as the German company makes progress halting a fall which had hit its profitability. Average order sizes at Europe's biggest online-only fashion retailer have fallen in recent years as people shop more often on their smartphones but spend less each time, pushing up Zalando's logistics costs. Zalando, which last week said it had managed to slow that decline, launched its free Zalon curated shopping service in 2015 and employs 700 stylists who put together outfit suggestions for several hundred thousand customers a year.
The pan-European STOXX 600 index gained 0.2 percent by 0928 GMT led by Germany's DAX 0.6 percent rise while Spanish and Italian bourses were flat to modestly lower. Also encouraging investors was a ZEW survey showing the mood among German investors improved in April, as the growth outlook for Europe's largest economy brightened amid a resilient global economy and a delay to Britain's departure from the EU. Zalando jumped more than 10 percent, making it the top performer on the STOXX and pushing the retail sector 0.7 percent higher after the e-commerce company said it expected to post an operating profit for the first quarter.
The same goes for the unexpected good news at Zalando SE. The German online fashion retailer on Tuesday reported a profit for the first quarter. Zalando didn’t give an explanation for its surprisingly good performance.
Shares in Zalando jumped on Tuesday after Europe's biggest online-only fashion retailer said it expected to post an operating profit for the first quarter, when it usually makes a loss due to selling off remaining stock after Christmas at a discount. The shares were up 11.7 percent by 0924 GMT, buoying other fashion firms like ASOS, Zara-owner Inditex, Adidas and H&M. The industry has been plagued in recent years by fierce competition and heavy discounting, while investment in logistics and technology to speed online delivery has also weighed on profitability, especially as Amazon expands in fashion.
European shares rose on Tuesday as Zalando's upbeat results boosted the retail sector and data out of China added to hopes of stabilization in the world's second-largest economy. The pan-European STOXX 600 index gained 0.3 percent by 0735 GMT, up for the fifth day with most bourses in the region higher and Germany's DAX leading gains. Zalando jumped more than 10 percent, making it the top performer on the STOXX and DAX, after the e-commerce company said it expected to post an operating profit for the first quarter.
BERLIN (Reuters) - Zalando has appointed Cristina Stenbeck, the owner of its major shareholder Kinnevik, as the new chairperson of its supervisory board, Europe's biggest online only fashion retailer said ...
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.
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.