Key Insights Institutions' substantial holdings in Zalando implies that they have significant influence over the...
(Reuters) -Zalando will target younger buyers and encourage more brands to use its network to sell into complex European markets, the German online fashion retailer said, after forecasting a return to growth this year. Zalando, a multi-brand platform that sells clothes, shoes, and accessories, has faced weakening demand after a growth boom during the pandemic, as consumers grappling with inflation and high interest rates cut spending and turn to cheaper options offered by fast fashion rivals like China-based Shein. Zalando said it would focus on quality brands to pursue a bigger share of its customers' wallet, as it believes younger consumers will pay a premium for more durable items.
(Bloomberg) -- Fashion retailers Zalando SE and Inditex SA take up the mantle this week as Europe’s earnings season draws to a close. With low-cost rivals nipping at their heels, they’re trying to bolster margins and keep inventory at manageable levels. Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStocks Kick Off Key Inflation Week Under Pressure: Markets WrapThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Pic