|Bid||0.00 x 28600|
|Ask||0.00 x 25500|
|Day's Range||27.62 - 30.32|
|52 Week Range||27.62 - 50.34|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||123.78|
|Earnings Date||Aug 8, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.64|
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).
Shares in Zalando fell 10 per cent on Tuesday, after the Berlin-based online fashion retailer unveiled a €39m loss for the three months to September and highlighted a “financially challenging quarter”. Zalando said the slowdown was largely due to this year’s unusually long and hot summer, which had prompted consumers to delay purchases of high-value goods such as jackets and coats. For the fourth quarter, Zalando said it expected a return to its longer-term target of revenue growth of 20-25 per cent.
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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.
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.
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.