The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
BERLIN, Germany — Online fashion retailer Zalando said it expected sales growth to slow to 15 to 20 percent in 2020 after it reported a strong final quarter to 2019, boosted by a strong performance in the "cyber" week around the Black Friday discount day.
Fourth-quarter sales rose 19.5 percent to €2 billion ($2.1 billion), while adjusted earnings before interest and taxation came in at €110.4 million, both ahead of average analyst forecasts.
While it expects sales growth to come in at 15 to 20 percent in 2020, it said it expected gross merchandise volume — sales made on its website by itself or its partners — to rise 20 to 25 percent as it becomes more of a platform for brands rather than buying and selling stock itself.
By Emma Thomasson; editor: Riham Alkousaa.
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.