|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||87.05 - 87.05|
|52-week range||32.50 - 120.00|
|Beta (5Y monthly)||1.14|
|PE ratio (TTM)||57.38|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
German online fashion retailer Zalando announced plans on Tuesday to trial a repair service for customers in Berlin and Duesseldorf as part of a wider push to promote more sustainable practices in the industry. Zalando is teaming up with British start-up Save Your Wardrobe to help its customers make appointments online with local companies that offer specialist repair or cleaning for garments and shoes.
In the past five years, British firms have faced Brexit, a crash in the value of the pound and long coronavirus lockdowns – but that has not hindered returns for some businesses.
Shares in Zalando fell on Thursday after the German online fashion retailer said it had spent significantly more on marketing to keep its customers shopping online as stores reopened due to the easing of coronavirus lockdowns. Europe's biggest fashion ecommerce player had 44.5 million shoppers at the end of June after winning customers during the first lockdown in 2020, but the company had to increase marketing spending by 4.6% in the second quarter. "Zalando has been investing significantly more into customer acquisition and brand marketing to capture the full demand opportunity in the second quarter this year," it said.