Zalando Q2 Revenues and Earnings Rise, Guidance Confirmed

Revenues rose 3.4 percent to 2.64 billion euros over the period. This meant that for the first half of the year, the German e-commerce giant’s revenues rose 1.5 percent to 4.88 billion euros.

The results, coming after more than a year of lower growth, show that the company’s turnaround strategy is delivering, Zalando co-chief executive officer Robert Gentz said in a statement. In short, the new strategy is about becoming more of a lifestyle destination for customers and pushing products from categories like beauty, sportswear, premium and luxury, streamlining logistics and ratcheting up inspirational magazine-style content to draw more shoppers in. This is meant to help Zalando compete with online retailers like China’s Shein, who focus on fast fashion and lower prices.

The total number of orders rose 0.3 percent to 63.4 million in the second quarter. The value of each customers’ basket, or spend, rose 4.6 percent to 60.8 euros.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Apple Q3 Earnings Preview: a Closer Look at Earnings Forecasts and China Market StrategyDiscover what to expect from Apple’s Q3 earnings report on 2 August, with a focus on financial forecasts, share repurchases, and the tech giant's strategy as it navigates challenges in China.
Fuente: DailyFX - 🏆 305. / 63 Leer más »

Earnings playbook: Your guide to a busy week of earnings, including Alphabet and TeslaWall Street will get its first glimpse of Big Tech earnings this week.
Fuente: CNBC - 🏆 12. / 72 Leer más »

US stock futures rise as Biden drops presidential bid; major earnings loomUS stock futures rise as Biden drops presidential bid; major earnings loom
Fuente: Investingcom - 🏆 450. / 53 Leer más »

World shares rise, US yields fall as markets eye earnings, economic dataWorld shares rise, US yields fall as markets eye earnings, economic data
Fuente: Investingcom - 🏆 450. / 53 Leer más »

These stocks reporting next week have strong earnings momentumSome stocks reporting in the week ahead could see a post-earnings rise in valuation.
Fuente: CNBC - 🏆 12. / 72 Leer más »