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ZALANDO PROFITABILITY
Global Markets | European shares log second week of losses as Mideast war fuels inflation fearsEuropean markets tumbled for a second week as Middle East tensions and inflation fears rattled investors. Industrial and mining stocks led ...- How three brothers turned cloning startups into a global empireGerman brothers Marc, Oliver, and Alexander Samwer became billionaires by cloning successful U.S. startups like eBay, Airbnb, and Amazon, a...
- Online shopping giants bet on AI to curb clothes returnsArmed with the customer's height, weight and a quick selfie taken on the phone, the French-based startup promises shoppers a better idea of...
- European shares scale new record highs on upbeat earningsThe retail index gained 3.0% and led sectoral gains, helped by a 16.9% surge in Zalando, after the online fashion retailer reported a fourt...
- Online fashion retailer Zalando to focus on profitability after 2022 slumpIn February, Zalando said it was cutting hundreds of jobs across its workforce of 17,000, saying it had expanded too much and citing a diff...
- Online fashion retailer Zalando to lay off hundreds of employeesIn its last quarterly earnings report in November, Zalando said it expected full-year revenues and operating profit to reach the lower end ...
- EU nears deal on massive tech services regulationThe Digital Services Act (DSA) aims to ensure tougher consequences for platforms and websites that violate a long list of banned content.
- Porsche, Puma to join Germany's DAX as index expandsThe expansion, contemplated for years, got a push in reaction to the collapse of German payments company Wirecard, which dramatically fell ...
- Stocks loved in the pandemic now get the wrath of profit missesThe rocky performance also sharpens the distinction between stocks that can be called pandemic winners and everything else in the market.
- Earnings lift European stocks to all-time highs ahead of BoE decisionDanish company Novo Nordisk rose 4.1% after it raised full-year outlook and posted above-forecast quarterly earnings on strong sales and de...
- CEO of retailer Zalando resigns to prioritise wife's careerThe chief executive of online fashion retailer Zalando is stepping down to focus on his family, saying his wife's career should "take prior...
- Virus lockdowns give major boost to ecommerceRecent data shows a shift to shopping online — according to Kantar consulting group, international e-commerce grew 41 percent in only three...
- European shares slip as US-China tensions, poor earnings weighThe pan-European STOXX 600 fell 0.7% by 0717 GMT after closing at a five-week high in the previous session.
- European shares lose ground on concerns of second coronavirus waveOil & gas and miners led declines among European sector indexes, while retailers eked out gains at the open.
- European shares fall after Fed's statementThe pan-European STOXX 600 index fell 0.6 percent by 0730 GMT as major markets returned from the May Day holiday.
- European shares led lower by miners on China data; AB Inbev fizzesThe pan-regional STOXX 600 index fell 0.4 per cent by 0832 GMT.
- Banks and autos drive European shares higher as UniCredit shinesThe Italian index rose 0.6 per cent, out-doing the pan-European STOXX 600 which gained 0.3 per cent.
- Marks & Spencer will continue to expand in IndiaM&S also plans to grow its online reach across the country via fashion platforms Myntra and AJIO here, the company said in a statement.
- 10 things in tech you need to know todayTech enthusiast alert! Here's the tech news you need to know this week.
- Global biggies eye stake in deal site MydalaMydala has held talks with Russian billionaire Yuri Milner's DST Global and Sweden's Kinnevik as it looks to raise $40 mn of fresh funds.
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