Previous close | 24.47 |
Open | 23.80 |
Bid | 26.38 x 0 |
Ask | 26.57 x 0 |
Day's range | 23.80 - 26.55 |
52-week range | 16.15 - 32.58 |
Volume | |
Avg. volume | 127 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 07 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
(Reuters) -Online fashion marketplace Zalando returned to growth in the first quarter after three consecutive declines in gross merchandise volume, as bets on more premium brands and its business servicing other retailers paid off. While fast-fashion retailer Shein is a threat to Zalando's revenues and customer numbers, Chief Financial Officer Sandra Dembeck said the company does not want to compete on price, instead trying to differentiate itself with a range of higher-priced brands such as On Running, which it recently added. "We do not want to compete in the ultra fast fashion, ultra low price point segment," Dembeck said in a press conference.
German online fashion retailer Zalando has challenged a supervisory fee aimed at covering EU regulators' costs of monitoring compliance with new European Union tech rules, the third company to take EU tech enforcers to court on the matter. Zalando said it disagreed with the European Commission's fee calculation methodology and wants more transparency on this. It said the regulator had determined its fee based on 47.5 million monthly active users while it designated Zalando as a very large online platform based on 83 million monthly visitors.
It is doubtless a positive to see that the Zalando SE ( ETR:ZAL ) share price has gained some 54% in the last three...