Zalando reports growth slowdown
German online retailer Zalando, which develops Europe's largest online platform for the sale of clothing, footwear and accessories, reports an increase in the gross value of GMV goods by 3,2% in 2022 to 14,8 billion euros, revenue for the year remained at the previous level and amounted to 10,3 billion euros, writes Worldfootwear.com.
Zalando's adjusted earnings before interest and taxes (adjusted EBIT) decreased to EUR 184,6 million in 2022 from EUR 468,4 million in the previous year. Accordingly, last year's adjusted EBIT margin was 1,8% compared to 4,5% in 2021.
In 2022, the online store had a net profit of 16,8 million euros, while Zalando recorded a net profit of 234,5 million euros in the last financial year.
For the current fiscal year, Zalando expects GMV to grow by 1-7%, with revenue growing in the range of minus 1% to 4% compared to 2022. In addition, the company's 2023 Adjusted EBIT should be between EUR 280 million and EUR 350 million.
Recently we wrote about the intention of the leadership of Zalando to cut hundreds of jobs due to the difficult macroeconomic situation
German online retailer Zalando, which develops Europe's largest online platform for the sale of clothing, footwear and accessories, reports a 3,2% increase in the gross value of GMV goods in 2022…
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Now the discount on the assortment is up to 65% of the retail price.
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Rendez-Vous has relaunched its wholesale business
Now the discount on the assortment is up to 65% of the retail price.
Euro Shoes starts on February 18th in Moscow!
The main international exhibition of footwear and accessories will be held in Moscow at the Expocentre from February 18 to 21. The exhibition will present collections of leading European brands, both well-known in our market and new names!
Spanish footwear brand JOSE SAENZ debuts at Euro Shoes
The young and ambitious Spanish brand of women's footwear JOSE SAENZ will present its collection for the first time at the international footwear exhibition Euro Shoes in Moscow.
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We are ready for active development in the Russian market
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Current techniques in lighting a shoe store
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Shoe educational program: what shoe soles are made of
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We form the salary of sellers: expert advice
“How do you charge your consultants for personal or general sales?” Is one of the most popular questions causing a lot of controversy and gossip on the online forums of retail business owners. Indeed, how to properly form the earnings of sellers? But what about bonuses, where to get a sales plan from, do employees allow them to buy goods at discounted stores? In search of truth, the Shoes Report turned to a dozen shoe retailers, but no company wanted to disclose its motivation system - the process of its development was too complicated and individual. Then we asked four business consultants, and finally became convinced that the topic of seller motivation is very complex, because even our experts could not come to a common opinion.
Technology Selling Issues
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Bayer is no longer a new, but still a popular and sought-after profession. It’s fashionable to be a buyer. Buyers are at the origins of the emergence and development of trends. If the designer offers his vision of fashion in the season, then the buyer selects the most interesting commercial ideas. It is on buyers that the policy of sales of stores and what, in the end, the buyer will wear depends on. This profession is surrounded by a magical fleur, often associated with a lack of understanding of what exactly is the work of a buyer.
Fur, and not only: types of lining
In the production of winter footwear, various materials are used that are designed to retain heat and meet the requirements of consumers: natural sheepleather, artificial fur, artificial fur from natural wool and others. All types of lining fur have their own advantages and disadvantages. Let's consider the properties of each of them.
The best models of Czech shoes of the past
In Soviet times, for shoes from Czechoslovakia sold under the Cebo brand, customers stood in line for four hours and did not regret it, because Czech shoes were considered to be of high quality, comfortable and fashionable. Shoe designer Juraj Shushka shared a photo archive of his collection with Shoes Report magazine, which contains the most interesting Cebo models from the 1940's to the 1980's.
Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
How to fire a worker without tears, scandal and trial
Sooner or later, any manager is faced with the need to part with an employee. Properly and on time the dismissal procedure will save the company money, and the boss himself - nerves and time. But why sometimes, knowing that a break in relations is inevitable, we put off the decision for months?
