• Cookies Policy
  • Privacy Policy
  • Terms of Use
  • Contact
Tuesday, December 10, 2019
Retail Sector
  • All News
    • All
    • Clothing & Shoes
    • Department Stores
    • DIY
    • Economy
    • Electrical
    • Entertainment
    • Government
    • Health & Beauty
    • High Street
    • HR
    • Luxury Goods
    • M&A
    • Online & Digital
    • People Moves
    • Property
    • Shopping Centres
    • Sport & Leisure
    • Supermarkets
    • Supply Chain
    • Technology
    Watches of Switzerland reports 112% increase in profit before tax

    Watches of Switzerland reports 112% increase in profit before tax

    McColl’s earnings to fall short of expectations

    McColl’s earnings to fall short of expectations

    Ted Baker appoints Deloitte to probe £25m stock overstatement

    Ted Baker appoints Deloitte to probe £25m stock overstatement

    What does the Black Friday of the future have ‘in store’ for us?

    Wet weather hits November footfall

    Tesco considers sale of its Asian arm

    Tesco considers sale of its Asian arm

    Jessops appoints administrators, 500 jobs at risk

    Jessops appoints administrators, 500 jobs at risk

    JD Sports responds to CMA amid Footasylum probe extension

    CMA issues interim order to halt JD Sports’ Footasylum acquisition

    Boohoo founders sell off £143m of stock

    Boohoo founders sell off £143m of stock

    Sports Direct seeking Lillywhites London lease sale

    Sports Direct seeking Lillywhites London lease sale

    Kerring to pay €1.25bn in Italian tax settlement dispute

    Gucci owner in talks over potential Moncler takeover

    Ted Baker posts profit rise of 3.5%

    Ted Baker drafts in AlixPartners to review operations

    Dunelm profits to beat expectations

    Dunelm profits to beat expectations

    Joules revenues up 3.1% despite ‘challenging’ September period

    Joules revenues up 3.1% despite ‘challenging’ September period

    Clintons in talks over possible CVA

    Clintons saved from administration

    Argos set for Christmas disruption amid plans for 15-day delivery strike

    Argos set for Christmas disruption amid plans for 15-day delivery strike

    M&S partners with Octopus Energy to challenge ‘Big 6’ providers

    M&S partners with six start-ups through Factory Founder scheme

    Morrisons appoints two new senior members

    Morrisons appoints two new senior members

    Quiz profits slide in half-year results

    Quiz profits slide in half-year results

    Footfall tumbles further in October

    Black Friday boosts consumer spending in November

    Outstanding business rates challenges increase by 35%

    Outstanding business rates challenges increase by 35%

    Trending Tags

    • High Street
      McColl’s earnings to fall short of expectations

      McColl’s earnings to fall short of expectations

      What does the Black Friday of the future have ‘in store’ for us?

      Wet weather hits November footfall

      Jessops appoints administrators, 500 jobs at risk

      Jessops appoints administrators, 500 jobs at risk

      Sports Direct seeking Lillywhites London lease sale

      Sports Direct seeking Lillywhites London lease sale

      Joules revenues up 3.1% despite ‘challenging’ September period

      Joules revenues up 3.1% despite ‘challenging’ September period

      Clintons in talks over possible CVA

      Clintons saved from administration

      Argos set for Christmas disruption amid plans for 15-day delivery strike

      Argos set for Christmas disruption amid plans for 15-day delivery strike

      M&S partners with Octopus Energy to challenge ‘Big 6’ providers

      M&S partners with six start-ups through Factory Founder scheme

      Footfall tumbles further in October

      Black Friday boosts consumer spending in November

    • Online
      Boohoo upbeat after ‘record’ Black Friday trading

      Boohoo upbeat after ‘record’ Black Friday trading

      Disabled customers ‘shut out’ from online shopping

      Disabled customers ‘shut out’ from online shopping

      Sosander shares jump as revenues surge 53%

      Sosandar revenues soar in half-year results

      Marie Kondo launches controversial online store

      Marie Kondo launches controversial online store

      Naked Wines appoints Nick Devlin as new chief executive officer

      Naked Wines appoints Nick Devlin as new chief executive officer

      Year-on-year decline in number of retailers using Amazon

      ‘Worst ever’ growth for online retail sales in October

      AO World closes Netherlands arm amid losses of £6.2m

      AO World closes Netherlands arm amid losses of £6.2m

      MacKenzie Bezos to donate half of her $37bn fortune to charity

      Nike cuts ties with Amazon amid increased focus on direct-to-consumer

      Amazon announces ‘record breaking’ profits for Q2

      Amazon Q3 profits fall 25% amid rising shipping costs

    • Economy
      Outstanding business rates challenges increase by 35%

      Outstanding business rates challenges increase by 35%

      Footfall tumbles further in October

      Consumer confidence ‘flatlines’ in November, claims GfK

      The Hut Group secures £510m debt facility to boost beauty investment

      The Hut Group secures £510m debt facility to boost beauty investment

      Conservatives pledge business rates review

      Conservatives pledge business rates review

      Boris Johnson pledges to invest in ‘left behind’ communities if Tories win

      Boris Johnson pledges to invest in ‘left behind’ communities if Tories win

      Burberry profits rise despite Hong Kong protests ‘dampening’ sales

      Burberry profits rise despite Hong Kong protests ‘dampening’ sales

      British Land profits slip in half-year results

      British Land profits slip in half-year results

      Mothercare to appoint administrators, placing 2,500 jobs at risk

      Mothercare to appoint administrators, placing 2,500 jobs at risk

      Fall of the high street — can retailers survive?

      Consumer confidence drops further in October

    • Comment
    • Archives
    • Network
    • Contact
    • Media Information
    No Result
    View All Result
    ADVERTISE / MEDIA PACK
    No Result
    View All Result
    Retail Sector
    No Result
    View All Result
    Home News Online & Digital

    Zalando raises profit forecast amid ‘strongest ever’ Q2

    it now expects its profitability outlook to reach the upper half of the adjusted EBIT range of €175m (£159m) to €225m (£205m)

    Lewis Catchpole by Lewis Catchpole
    August 1, 2019
    in Online & Digital
    Zalando reports strong start to 2018 with revenue up 22%
    38
    SHARES
    EmailTap to WhatsappShareTweet

    Online retailer Zalando has raised its profit outlook for the second half of the year after it recorded its “strongest ever” Q2 for active customer growth.

    The company revealed its number of active customers “grew significantly” by 3.7 million (15.2%) year-over-year to 28.3 million across its 17 European markets. In the same period, site visits also went up 34.3% to 986.4 million, 84% of which came through mobile devices, resulting in a “record number of orders” (36.1m).

    As a result, during the quarter it recorded a 20.1% increase in group revenues to €1.59bn (£1.45bn) up from €1.33bn (£1.21bn) the previous year. It also saw a 6.4% increase in adjusted profits to €101.7m (£92.68m). Gross Merchandise Volume (GMV) also grew by 23.7% to €2bn (£1.8bn).

    Zalando also announced it now expects its profitability outlook to reach the upper half of the adjusted EBIT range of €175m (£159m) to €225m (£205m).

    Zalando CFO, David Schröder, said: “More customers than ever before have chosen Zalando as their starting point for fashion. This proves that our continuous efforts to deliver a best in class fashion experience pay off.

    “Our platform transition continues to accelerate. The growth of our Partner Program leads to a more attractive and diverse assortment for our customers. We will continue to see GMV growing faster than revenues, fully in-line with our long-term strategy.”

    The news comes after Zalando  announced it is to build a new £180m fulfillment center in an existing business park near Rotterdam to help cater for its western European customers.

    The expansion of its logistics network forms part of Zalando’s 2023/24 growth target and aims to expand its customer proposition for customers in France, Spain and the UK.

    SendSendShare15Tweet10

    TRENDING COMMENT

    Why shoppable social media means retailers must embrace returns
    Comment

    Why shoppable social media means retailers must embrace returns

    by Lewis Catchpole
    December 6, 2019
    UK shoppers may spend £234 on average this Black Friday, says PwC
    Advice

    Four tips to mastering millennial brand loyalty

    by Lewis Catchpole
    December 5, 2019
    Load More

    The SME Files

    The Lib Dems want to abolish business rates, but don’t hold your breath
    Comment

    The Lib Dems want to abolish business rates, but don’t hold your breath

    December 9, 2019

    LATEST NEWS

    Watches of Switzerland reports 112% increase in profit before tax

    Watches of Switzerland reports 112% increase in profit before tax

    December 10, 2019
    McColl’s earnings to fall short of expectations

    McColl’s earnings to fall short of expectations

    December 10, 2019
    Ted Baker appoints Deloitte to probe £25m stock overstatement

    Ted Baker appoints Deloitte to probe £25m stock overstatement

    December 9, 2019
    What does the Black Friday of the future have ‘in store’ for us?

    Wet weather hits November footfall

    December 9, 2019
    Tesco considers sale of its Asian arm

    Tesco considers sale of its Asian arm

    December 9, 2019

    Drop us a line

    Contact us

    Address

    160 Fleet Street, London EC4A 2DQ

    Telephone

    020 3350 1300

    Email

    customers@mulberrymedia.co.uk

    Website

    www.mulberrymedia.co.uk

    Mulberry Media is an independent business media company, producing premium content for business audiences.

    Other Mulberry titles

    Copyright © 1997 – 2019 Mulberry Publications Ltd. All right reserved.

    No Result
    View All Result
    • All News
    • High Street
    • Online
    • Economy
    • Comment
    • Archives
    • Network
    • Contact
    • Media Information

    Copyright © 1997-2019 Mulberry Publications Ltd. All rights reserved.