BERLIN, Feb 14 (Reuters) – Europe’s biggest online fashion
retailer Zalando, long seen as a possible flotation candidate,
is talking to bankers about a possible listing, sources said,
confirming impetus behind a plan that could value the company at
more than $5 billion.
Speaking after Zalando had reported slowing sales growth in
the second half of 2013 as a mild winter led to high levels of
discounting, financial sources said the company is looking for
banks to advise on a stock market flotation later this year.
BERLIN (Reuters) – The German grocery market, long dominated by discounters such as Aldi ALDIEI.UL and Lidl, is undergoing a makeover as shoppers demand more upmarket products like organic meat and exotic cheeses and retailers take tentative steps onto the web.
Run down after years trying to match discounters on price, mid-market supermarkets Edeka and Rewe, as well as their listed rival Metro (MEOG.DE: Quote, Profile, Research, Stock Buzz), have changed strategy and are investing billions of euros to bring their produce and stores up to a level taken for granted in countries like Britain and France.
BERLIN, Feb 14 (Reuters) – Sales growth at Europe’s biggest
online fashion retailer Zalando slowed in the second half of
2013 ahead of a possible stock market listing as a mild winter
led to high levels of discounting.
The Berlin-based retailer, which started selling shoes in
Germany five years ago and now ships 1,500 different brands to
15 countries, is seen as a prime candidate to list this year.
BERLIN/DUESSELDORF (Reuters) – German retailer Metro AG (MEOG.DE: Quote, Profile, Research, Stock Buzz) reined in full-year profit expectations on Tuesday after a dip in first-quarter earnings, largely due to lower real-estate income and the strong euro.
Europe’s No. 4 retailer said on Tuesday it expected more stable economic conditions and exchange rates to lift earnings before interest and tax (EBIT) before special items to about 1.75 billion euros ($2.4 billion) for its 2013/14 fiscal year.
BERLIN/DUESSELDORF, Feb 11 (Reuters) – German retailer Metro
AG hopes more stable economic conditions and exchange
rates will help lift profits this year, after reporting a dip in
first-quarter earnings largely due to lower real-estate income
and the strong euro.
Europe’s fourth-biggest retailer said on Tuesday earnings
before interest and tax (EBIT) and before special items fell 16
percent to 1.07 billion euros ($1.5 billion) for the three
months through December, slightly shy of an average analyst
forecast for 1.08 billion.
STOCKHOLM (Reuters) – Hennes & Mauritz’s (HMb.ST: Quote, Profile, Research, Stock Buzz) rapid expansion will continue apace, the world’s second-biggest fashion retailer said on Thursday after reporting that heavy investment in its online offering and new brands depressed fourth-quarter profit.
H&M’s gross margin, which showed its first quarterly rise in three years in the third quarter, slipped more than expected to 60.8 percent from 61.6 percent.