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Top related persons:
Clodagh - 1 Zalando - 1 Clément Génelot - 1 Bryan Garnier - 1 Zalando's - 1 Génelot - 1 Gross - 1 Helen Reid - 1
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Galway Ireland Paris Germany Austria Switzerland
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REUTERS - 1 Thomson - 1 & $ - 1

Search resuls for: "Zalando's"


3 mentions found


☆ Zalando cuts 2023 sales forecast as demand stays weak
  + stars: | 2023-11-02 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com   time to read: +3 min
Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. Zalando now expects 2023 revenue to fall between 0.5% and 3%, having previously guided to a 1% decline at worst. An unusually warm September weighed on sales of autumn and winter clothes, Zalando said, exacerbating the impact of weak consumer sentiment. Gross merchandise volume - a measure of sales on the platform by Zalando and partner brands - fell by 2.4% from a year ago. The company's market value has dropped over the past two years as shoppers, freed from pandemic restrictions, returned to stores and ordered fewer clothes online.
Persons: Clodagh, Zalando, Clément Génelot, Bryan Garnier, Zalando's, Génelot, Gross, Helen Reid, Christian Schmollinger, Sonali Paul Organizations: REUTERS, Thomson Locations: Galway, Ireland, Paris, Germany, Austria, Switzerland
☆ Online fashion retailer Zalando to cut hundreds of jobs
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +2 min
BERLIN, Feb 21 (Reuters) - German online fashion retailer Zalando (ZALG.DE) is to cut hundreds of jobs across the company, citing over-expansion in some areas and a more difficult economic environment since the coronavirus pandemic. Zalando said the pandemic had boosted business in 2020 and 2021, but these tailwinds had faded since 2022 and the macroeconomic environment had become more challenging. Zalando, which has a workforce of some 17,000, did not give precise details on which areas would be affected by the cuts. The planned job cuts were first reported by the Financial Times, which said the online retailer's workforce would shrink by up to 5%. The company is due to report full-year earnings next month.
☆ Scientists can spike startup bets in Planet A's new $172 million climate tech fund even if they have a good business case. Check out the 20-slide LP deck it used to raise the fresh cash.
  + stars: | 2023-02-08 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
German VC Planet A has just closed its first 160 million euros (around $172 million) fund. Planet A, a European venture capital firm, has just closed its inaugural 160 million euros (around $172 million) fund to back startups doing just that. Founded in 2020, Planet A is looking for market-ready tech startups with significant impact potential in climate change mitigation, waste reduction, resource savings, and biodiversity protection. The early-stage investor will write checks of between 500,000 euros to 3 million euros to startups in Europe, the UK, and Israel. The Planet A team intended to raise 100 million euros, Detzner said, so the fund was oversubscribed.
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