|Bid||4,005.00 x 7100|
|Ask||6,295.00 x 4200|
|Day's range||5,429.62 - 5,700.00|
|52-week range||4,574.00 - 6,497.00|
|PE ratio (TTM)||148.85|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||6,183.83|
The U.K. retail industry’s Brexit-linked turmoil deepened as J Sainsbury Plc said it would cut as many as 2,000 jobs, Zalando SE said the market is losing attractiveness and rival online fashion site Asos ...
BERLIN, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - German online fashion retailer Zalando (Swiss: OXZALG.SW - news) said it planned to sell beauty products but its shares were dented as it indicated third-quarter profits would miss analyst expectations. Zalando, which is already investing heavily in logistics and technology as Amazon makes a big push into fashion, said it would start selling third-party cosmetics, skin care and fragrance brands at a range of prices in Germany in spring 2018. Major investment in new warehouses and ever-faster delivery has already been eating into Zalando's profitability despite rapidly increasing revenue.
British online retailer ASOS (ASOS.L) raised its growth forecast on Tuesday, saying its combination of new products, competitive prices and improved customer services continues to attract twentysomething shoppers to its site. Established in 2000, ASOS has become Britain's most valuable online fashion retailer by targeting young consumers with a mix of 85,000 own-label and branded products, adding about 5,000 new styles a week. The upgrade came after ASOS posted full-year retail sales up 34 percent at 1.88 billion pounds, with adjusted pretax profit rising by 26 percent to 80 million pounds, meeting market forecasts.
LONDON, Oct (Shenzhen: 000069.SZ - news) 17 (Reuters) - British online retailer ASOS raised its growth forecast on Tuesday, saying its combination of new products, competitive prices and improved customer services continues to attract twentysomething shoppers to its site. Established in 2000, ASOS (LSE: ASC.L - news) has become Britain's most valuable online fashion retailer by targeting young consumers with a mix of 85,000 own-label and branded products, adding about 5,000 new styles a week. The upgrade came after ASOS posted full-year retail sales up 34 percent at 1.88 billion pounds ($2.48 billion), with adjusted pretax profit rising by 26 percent to 80 million pounds, meeting market forecasts.
Europe's biggest online-only fashion retailer said last month that capacity constraints were slowing its growth and it is investing heavily in logistics and technology as U.S. giant Amazon makes a big push into fashion. Zalando wants to start work on large centres in Italy and Poland in the next six months to lift its sales capacity to 10 billion euros eventually from the 8 billion covered by current projects, co-chief executive Rubin Ritter said on Thursday.
British online fashion retailer ASOS (LSE: ASC.L - news) is spending $40 million on a second U.S. distribution centre to support strong sales growth in what it hopes will become a major market. Established in 2000, ASOS is Britain's most valuable online fashion retailer, with a market capitalisation of 5 billion pounds ($6.5 billion), annual sales of 1.4 billion pounds and expanding operations in markets from Australia to Russia. Chief Executive Nick Beighton said the new centre in Atlanta (BSE: ATLANTA.BO - news) , Georgia, will open in autumn next year and enable the company to offer faster and more flexible delivery to its 20-something customers.
German online fashion retailer Zalando (Swiss: OXZALG.SW - news) stumbled in its breakneck expansion across Europe in the second quarter due to capacity constraints at new warehouses, sending its shares down 7 percent. Europe's biggest online-only fashion retailer needs to scale up quickly to compete with e-commerce giant Amazon but preliminary quarterly sales growth of 19-21 percent undershot the Berlin-based company's annual target. In a nod to Amazon's popular Prime service, Zalando on Tuesday announced its own membership scheme.
British online fashion retailer ASOS (LSE: ASC.L - news) on Thursday forecast sales growth for the full 2016-17 year at the upper end of its 30-35 percent guided range, as it reported continued strong trading both in its home market and overseas. Established in 2000 for fashion-conscious twenty-somethings, ASOS was an early e-commerce success story, but is seeing growing competition from the likes of British rival Boohoo and Germany's Zalando (Swiss: OXZALG.SW - news) as well as from traditional store-based chains who have invested heavily in their online offerings. Shares (Berlin: DI6.BE - news) in ASOS, which listed at 20 pence in 2001, have increased 30 percent over the last year, as the depreciation of sterling versus the U.S. dollar and euro post the Brexit vote has allowed the retailer to reduce prices and drive sales in its international markets.
** Marks & Spencer falls 2.3 pct after reporting falling food and clothing sales, despite the company insisting a turnaround was "on track" ** Q1 clothing LfL down 1.2 pct versus a fall of around ...
** Some reactions from analysts across the Street on UK election outcome and likely sector winners and losers ** British Prime Minister Theresa May will form a government supported by a small Northern ...
Online fashion retailer Boohoo.com Plc on Wednesday nudged its full-year sales forecast upwards after a doubling in first-quarter sales on the back of strong demand across all its businesses. Boohoo also said it would raise 50 million pounds via a share placing to pay for expanding its warehouse capacity and maintain a strong cash balance. Boohoo and online rivals such as ASOS (LSE: ASC.L - news) are winning market share from traditional retailers, benefiting from the increasing popularity of smartphone e-commerce and their extensive use of social media.
A privately owned recruitment group is in advanced talks to stitch together a rescue deal for the controversial staffing agency which supplies workers to Sports Direct's warehouse in Derbyshire. Sky News has learnt that Assist Resourcing, a subsidiary of Russell Taylor Group, is close to agreeing a takeover of Transline, which has spent the past three weeks bracing itself for the prospect of administration. A deal could be struck as soon as next week, a person close to Transline said this weekend.
The controversial employment agency whose relationship with Sports Direct sparked a political outcry was handed a lifeline on Thursday amid last-ditch rescue talks with a mystery investor. Sky News has learnt that Transline Group paid more than £1m last year to directors in the form of dividends, loans and a transfer of shares - even as it was facing a funding squeeze after suffering a seven-figure annual loss. Transline, which was fiercely criticised over working practices at facilities used by Asos (LSE: ASC.L - news) and Mike Ashley's Sports Direct, lost £1.2m in 2016, according to a document seen by Sky News.
** British online fashion retailer ASOS's shares down 4.5 pct; fall for fifth straight session ** Credit Suisse cuts to "underperform" from "neutral" ** Interim results this week and ...