All Zalando articles – Page 5

  • Zalando
    Article

    Zalando benefits from the lockdown as Q2 sales, profits surge

    2020-08-12T06:24:00Z

    Zalando‘s net profit rose to €122.6 million in the second quarter from €45.5 million a year earlier as its client base expanded in terms of final customers as well as participants in its marketplace. The German online fashion retailer now serves 34.1 million active customers across Europe, up by 20.4 ...

  • Zalando
    Article

    Zalando improves its guidance

    2020-07-16T18:59:00Z

    Zalando expects the gross merchandise volume (GMV) to rise by 20-25 percent and revenues by 15-20 percent for the full financial year, with the adjusted Ebit reaching €250-300 million, as the German online fashion retailer benefited from the impact of the Covid-19 pandemic. The previous guidance, published on May 6 ...

  • News briefs

    Kinnevik sells shares in improving Zalando

    2020-06-18T15:38:00Z

    Kinnevik, which is Zalando’s biggest shareholder, has sold 10.6 million shares in Zalando to institutional investors, reducing its stake from 26 percent stake to 21.3 percent and taking advantage of a recent increase in the e-tailer’s share price. The announcement came just before Zalando said that it will post significantly ...

  • News briefs

    Three more markets for Zalando’s Connect Retail program

    2020-06-18T15:37:00Z

    From July, Zalando will be extending its offer to waive commissions on its Connected Retail program to Poland, Sweden and Spain. The initiative, which was originally aimed at supporting brick-and-mortar stores during the coronavirus crisis, was introduced in Germany and the Netherlands on April 1. The offer will run until ...

  • News briefs

    Zalando will be subjecting its partners to sustainability standards

    2020-06-01T20:02:00Z

    Zalando is implementing standards for the measurement the social and environmental sustainability of its operations and, in time, those of its business partners. Specifically, the German e-tailer is adopting the Higg Brand & Retail Module (BRM), developed by the Sustainable Apparel Coalition (SAC) and its subsidiary, Higg Co. The BRM ...

  • News briefs

    Zalando’s off-price segment grows strongly

    2020-05-14T16:39:00Z

    Zalando has opened a new outlet store in Mannheim, making a total of nine such off-price physical stores in Germany. The store covers 1,400 square meters. The opening was initially planned for April, but was postponed due to lockdown regulations in Germany, where only stores with a sales surface of ...

  • News briefs

    Zalando loses financial expert

    2020-05-14T16:39:00Z

    Birgit Haderer will be leaving Zalando, the German-based e-tailer. In her position as chief financial officer, Haderer was closely involved in Zalando’s expansion. Previously working for Goldman Sachs, she set up and eventually led Zalando’s financial department. In 2014, she managed Zalando’s IPO, which, at a value of $668 million, ...

  • Article

    Zalando sees 2020 revenues up by 10-20%

    2020-05-08T16:52:00Z

    Zalando issued a new full-year guidance which takes into account the impact of the Covid-19 pandemic and sees gross merchandise volume (GMV) and revenues up by 10-20 percent. The forecast nearly doubled the share price from its mid-March level up to a record since a year ago. The company noted ...

  • adidas_world_of_sports
    Article

    Adidas fell by 19% in Q1, sees Q2 down by over 40%

    2020-04-27T17:52:00Z

    The Adidas Group reported today a sharp drop in profit margins on a 19.2 percent decline in sales for the first quarter, due to the coronavirus outbreak, but warned that the second quarter will be worse. With more of its store base still closed right now, the management is expecting ...

  • Article

    Zalando promotes sports products

    2020-04-16T16:41:00Z

    While providing preliminary figures for the first quarter, Zalando announced the launch of a campaign to inspire customers to stay active at home during the coronavirus pandemic. Deployed under the hashtag #TogetherIAmStrong, it is described as its first remotely produced campaign. The German e-tailer says it has taken this initiative ...

  • Retail
    Article

    Analysis: What is happening with Covid-19 on the retail front?

    2020-04-09T20:00:00Z

    The retail lockdown in Germany is estimated to have caused a drop of 60 percent at brick-and-mortar stores in the fashion sector in general in March, as compared to the same month a year ago, although they were open in the first few days of the month. The trend will ...