|Bid||41.60 x 28600|
|Ask||41.63 x 25500|
|Day's Range||41.36 - 41.86|
|52 Week Range||20.99 - 50.34|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||208.20|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.18|
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.
Zalando shares rose to a seven-month high on Tuesday after Europe’s biggest online fashion retailer forecast an unexpected operating profit for the first quarter. Zalando was the best-performing stock on the Europe-wide Stoxx 600 on Tuesday morning, as its shares rose nearly 11 per cent in Frankfurt.
Adjusted operating profit was in the single-digit millions of euros, while analysts that the company surveyed had a consensus for a loss of 10 million euros ($11 million), Zalando said late Monday. Zalando’s fortunes are turning even amid recent stumbles of traditional rivals such as Hennes & Mauritz AB and Inditex SA, which have been suffering amid pressure to discount. The 11-year-old German retailer had been struggling to boost profit in recent years as Amazon.com Inc. encroaches in the European market.
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.
’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.