European Retail Correspondent, Zurich
Emma's Feed
May 9, 2014
May 9, 2014

Zalando closer to breakeven as it eyes $5 bln listing

BERLIN, May 9 (Reuters) – Europe’s biggest online fashion
retailer Zalando, considering a possible flotation later this
year, is getting closer to making a profit after it improved the
efficiency of its warehouses in the first three months of the
year.

Zalando said sales rose 35 percent to 501 million euros
($694.53 million) in the first quarter, slightly down from a 36
percent growth rate in the previous quarter, while the group’s
core margin improved significantly in the period.

May 8, 2014
May 8, 2014
May 8, 2014
May 8, 2014

Metro keeps profit target as cash-and-carry sales jump

BERLIN/DUESSELDORF, May 8 (Reuters) – German retailer Metro
AG reported a strong rise in April sales in its
cash-and-carry business on Thursday, underlying its confidence
in its profit target despite a poor performance from its
consumer electronics business.

Europe’s No. 4 retailer, a sprawling group which also
includes hypermarkets and department stores, has been trimming
its portfolio and cutting costs to respond to sluggish demand in
its core markets of Germany and western Europe, while expanding
in emerging markets.

May 8, 2014
May 7, 2014
May 7, 2014
May 7, 2014