All Zalando articles – Page 2
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ArticleStocks of Brazilian footwear manufacturers outperform in Q3
In the third quarter of 2022, the stock prices of footwear companies and associated sectors monitored by Shoe Intelligence were on average virtually unchanged, falling by less than 3 percent when compared with the previous three months. But, the figure conceals noticeable disparities between the panel’s subsegments. The cohort of ...
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ArticleZalando increases its fleet of Magazino robots
Zalando has purchased 29 additional order picking robots from the German start-up Magazino, increasing its fleet to 57 units. The German online fashion retailer, which has invested in Magazino, initially bought two of the robots called Toru in 2018, before increasing the fleet by six units in 2019 and a ...
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ArticleSecondhand online marketplaces on the rise
Cross-border marketplaces are developing fast, and the C2C trend is one of the drivers.
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ArticleZalando sees return to growth in H2
Zalando expects to return to growth in the second half of the year after posting a 4 percent drop in second-quarter revenues to €2.6 billion and seeing its adjusted Ebit slump to €77.4 million from €184.1 million a year ago. In the second quarter, the number of active customers grew ...
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ArticleFootwear stocks track global markets lower in Q2
In the second quarter of 2022, footwear stocks declined significantly in line with global markets, which suffered their strongest pullback in decades. In the U.S., the S&P 500 index posted its worst performance in the first half of the year since 1970. Global markets were hit by raising inflation, a ...
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News briefs
Italian Trade Agency joins forces with Zalando
The Italian Trade Agency, referred to as ITA in English and ICE in Italian, has partnered with the German fashion online retailer Zalando to promote Italian fashion goods and cosmetics abroad. ITA invested more than €1 million to create the gallery “Made In Italy” on Zalando’s platform and help select ...
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ArticleZalando cuts its FY guidance again
Zalando has further cut its full-year guidance as macroeconomic conditions deteriorated in the second quarter. The company had already issued a profit-warning in May with the release of its first-quarter results, which included the first decline in quarterly sales of the history of the German online fashion retailer. For the ...
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News briefs
Zalando buys Highsnobiety
Zalando has acquired a majority stake in Highsnobiety, a German media brand. No further details were released about the transaction. Highsnobiety was founded in Berlin in 2005 by David Fischer as a blog. The company currently comprises a publishing arm, creative consultancy and a commerce platform. ”Teaming up with Highsnobiety ...
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ArticleZalando launches a profit warning as sales decline for the first time
Zalando posts the first decline in quarterly sales of its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion, but a 1.5 percent decline in revenues ...
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ArticleBrazilian, Indian footwear stocks outperform in a weak environment
In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.
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ArticleShoe industry marked by IPOs and takeovers in Q4
The footwear industry witnessed further extraordinary finance transactions during the fourth quarter as companies continue to take advantage of the abundant liquidity injected into the financial system by central banks worldwide to shore up the economy after the Covid-19 outbreak last year. Allbirds, the loss-making California-based producer of Wool Runner ...
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ArticleZalando’s Q3 profits slump in price-cutting war
Zalando reported a slump in third-quarter profits after cutting prices in response to promotions made at physical stores after Covid lockdowns were completely lifted in Germany and other key markets. While sales rose by 23 percent to €2.3 billion as compared to a year ago, adjusted operating earnings (Ebit) for ...
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News briefs
Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
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News briefs
Zalando launches Connected Retail in Italy
Zalando is launching its Connected Retail program in Italy, offering a reduced commission until the end of the year to the physical retailers that wish to join its online marketplace. Like in 12 countries where this service is already available, the goods will be ordered through Zalando’s website and delivered ...
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ArticleZalando more than triples its fleet of Magazino robots
Zalando has ordered 20 order picking robots specifically designed for the footwear industry from the German start-up Magazino. Zalando, which has invested in Magazino, initially bought two of the robots called Toru in 2018, before increasing the fleet by an additional six in 2019. Once the latest robots are fully ...
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ArticleFootwear stocks weaker in Q3 on profit-taking
Overall, the price of footwear stocks dropped in the third quarter of 2021 compared with the previous three months on profit-taking after the sector had enjoyed a strong rebound in the first half of the year with the re-opening of the economy, following the easing of Covid-19-related restrictions and the ...
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News briefs
Zalando invests in Infinited Fiber
Zalando has joined Adidas, H&M and an investment arm of the Bestseller Group in a round of financing to help Infinited Fiber Company of Finland to build a facility for the commercial production of its biodegradable fiber, called Infinna. The company’s technology converts textile waste and other cellulose-based raw material ...
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News briefs
Zalando to join the DAX index
The German online retailer Zalando will join the DAX blue-chip index of the Frankfurt stock exchange on Sept. 20. The stock started trading on Oct. 1, 2014, and has been a constituent of the MDAX index since 2015. Zalando co-founder and co-CEO Robert Gentz said “we are proud to see ...
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Article
Zalando posts strong double-digit sales growth in Q2
Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...
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ArticleZalando lifts FY guidance after sales jump by 47%
Zalando once again hiked its sales and profit forecasts for 2021 after its revenues jumped in the first quarter by 46.8 percent to €2,238 million, marking the company’s strongest growth since it went public in 2014. To keep up with the pace of expected future growth, the fashion-oriented e-retailer also ...
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