Previous Close | 28.22 |
Open | 28.22 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 28.22 - 28.22 |
52 Week Range | 19.65 - 39.25 |
Volume | |
Avg. Volume | 201 |
Market Cap | 7.35B |
Beta (5Y Monthly) | 1.61 |
PE Ratio (TTM) | 82.99 |
EPS (TTM) | 0.34 |
Earnings Date | May 07, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
(Reuters) -Zalando swung to growth in the first quarter, the retailer said on Tuesday, snapping three quarterly declines in gross merchandise volume, citing higher demand for improved quality, a wider range of offerings and more logistics clients. Quarterly gross merchandise volume (GMV) - a key revenue metric measuring the total value of all goods sold - rose 1.3% to 3.27 billion euros ($3.52 billion) from 3.23 billion in the year-ago period, the German online fashion retailer said. Zalando has opened up its logistics business (B2B) to more players in a bid to return to growth while still protecting margins, as investors worried that weakening consumer spending and increased competition by fast fashion rivals such as Shein would continue weighing on sales in the short term.
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.
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.