|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||35.61 - 35.61|
|52-week range||33.90 - 120.64|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||38.92|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
In a few frantic weeks early last year, online fashion retailers Asos and Boohoo upended years of British high street history as they picked over the remains of bankrupt groups Arcadia and Debenhams. Since then, life has become much tougher for the fast fashion brigade. Shortly before the pandemic, Boohoo’s market value overtook that of British high street behemoth Marks and Spencer.
BERLIN (Reuters) -Zalando posted a decline in sales for the first time since the German online fashion retailer was founded, leading it to dim its outlook for 2022 on Thursday. "The main issue is that people just aren't into buying fashion," said co-Chief Executive Officer Robert Gentz with a view to high inflation and the war in Ukraine. Zalando now sees 2022 sales growth coming in at the lower end of the forecast range of 12% to 19%, and adjusted earnings before interest and taxes would at the lower end of the expected range of 430 million to 510 million euros.
BERLIN (Reuters) -German online fashion retailer Zalando said on Tuesday it expects sales growth to slow in 2022 after the coronavirus pandemic helped it record a bumper year in 2021, when sales jumped almost 30% to 10.4 billion euros ($11.64 billion). For 2022, Zalando forecast sales would rise 12%-19% to between 11.6 billion euros and 12.3 billion euros, and adjusted operating profit to be 430 million euros to 510 million euros, compared with 468 million in 2021. Zalando said its outlook did not take into account likely negative effects from the war in Ukraine.