Latest news with #DavidSchroeder
Yahoo
08-05-2025
- Business
- Yahoo
Zalando delivers strong Q1 2025 with revenue and GMV surge
German online fashion retailer Zalando has reported a 7.9% revenue increase to €2.42bn ($2.74bn) in the first quarter (Q1) of 2025 (FY25), from €2.24bn during the same period of the previous year. The company's business-to-business segment saw revenue rise to 11.6%, largely attributable to its ZEOS fulfilment services. Zalando's gross merchandise volume (GMV) followed suit with a 6.5% climb to €3.49bn. Its adjusted earnings before interest and taxes (EBIT) reached €46.7m, meeting market expectations and showing a substantial rise from the previous year's €28.3m. This financial performance led to an uptick in profit margin by 0.7 percentage points year-on-year, reaching 1.9%. Zalando's net income for the quarter was €9.9m, bouncing back from a net loss of €8.9m in the corresponding quarter of the previous year. The achieved a record high with 52.4 million active customers in Q1 FY25 and 58.5 million orders with an average basket size valued at €61.1. Zalando co-CEO David Schroeder stated: 'Our ecosystem strategy is progressing well, and customers and partners are embracing our expanding offerings. "Growth in B2C accelerated due to a successful end-of-season sale, a promising start to the spring/summer season supported by the continued roll-out of our updated loyalty programme Zalando Plus and a new high of active customers. In B2B, we are delighted to see a continuation of our double-digit growth trajectory as we are working to advance our ZEOS offering with a particular focus on logistics and software solutions this year." Despite the current volatile geopolitical and economic environment, Zalando maintained its full-year forecast for 2025, expecting both GMV and revenue to grow by 4% to 9% compared to the previous year, with adjusted EBIT anticipated between €530m and €590m. These projections do not take into account possible effects from the proposed acquisition of Hamburg-based ABOUT YOU. "Zalando delivers strong Q1 2025 with revenue and GMV surge" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
USA Today
07-05-2025
- Business
- USA Today
Consumer brands eye European markets as US tariffs impact demand
Consumer brands eye European markets as US tariffs impact demand Show Caption Hide Caption Trump meets with retail CEOs to discuss tariffs President Trump recently met with executives from major retailers, including Walmart, Home Depot, Lowe's and Target to discuss the impact of his tariffs. Cheddar Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive American consumer demand down. European online fashion retailer Zalando which sells logistics and software services to other retailers, said on Tuesday it was in talks with prospective new clients looking to expand in the European market. "We see brands and retailers really having a larger focus on Europe as a way to also generate additional demand if it gets more difficult to do this in the U.S.," Zalando co-CEO David Schroeder said. U.S. President Donald Trump's administration has slapped a blanket 10% tariff on all imports into the country, and 145% tariffs on goods made in China. German clothing brand Hugo Boss has rerouted China-manufactured products to other markets instead of the U.S., and said there was a "notable deterioration" in U.S. consumer spending in the first quarter due to growing uncertainty over the economy. Tariffs hit retailers: Temu halts shipments to US, shifts to selling from American warehouses "We are currently taking a rather cautious stance regarding consumer behavior in the U.S.," its CEO Daniel Grieder said on Tuesday as the company reported lower revenues compared to last year. The reaction highlights the impact of Trump's tariffs on the flow of consumer products around the globe, forcing companies to shake up long-established patterns of manufacturing and sales. Key will be how U.S. consumers react to price increases as a result of tariffs. Barbie maker Mattel MAT.O on Monday pulled its annual guidance, saying there was too much uncertainty over consumer spending, and that tariffs would force it to raise prices in the U.S. For its card game UNO, Mattel said it was shipping more China-manufactured games internationally to avoid U.S. tariffs on Chinese goods, while increasing production of UNO in India to serve U.S. customers. The CEO of Italian fashion group OTB, which owns brands including Diesel, Jil Sander and Maison Margiela, said on Monday it would have to increase its prices in the U.S. by 8-9% to offset the impact of tariffs. While European brands previously proudly advertised their sales to U.S. consumers, world leaders in spending on clothes and shoes, they have pivoted to trying to reassure investors they are not overly exposed. The U.S. accounts for around 20% of German sportswear brand Adidas' business, CEO Bjorn Gulden said last week in a results call, adding that "for 80% of our business these tariffs have no impact". "We believe we can currently gain more momentum in the other markets," said Gulden. "We can kind of finance the losses... on margin in the U.S. by overachieving in the other markets." More focus on Europe will however increase competition among retailers, and may make it harder for brands to win over new customers. The tariffs have also triggered concerns in the region that low-value goods could be dumped on the market. Cut-price online retailers Shein and Temu, whose main market is the U.S., have increased their advertising spend in Europe as they seek to mitigate the impact of the U.S. hiking tariffs on Chinese goods and removing a duty-free exemption for low-value e-commerce packages from China. Reporting by Helen Reid in London, Ozan Ergenay in Gdansk, Elisa Anzolin in Milan, Juveria Tabassum in Bangalore; Editing by Jan Harvey
Fashion Network
06-05-2025
- Business
- Fashion Network
Spooked by US tariffs, retailers look for growth in Europe
Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive American consumer demand down. European online fashion retailer Zalando, which sells logistics and software services to other retailers, said on Tuesday it was in talks with prospective new clients looking to expand in the European market. "We see brands and retailers really having a larger focus on Europe as a way to also generate additional demand if it gets more difficult to do this in the U.S.," Zalando co-CEO David Schroeder said. U.S. President Donald Trump 's administration has slapped a blanket 10% tariff on all imports into the country, and 145% tariffs on goods made in China. German clothing brand Hugo Boss has rerouted China-manufactured products to other markets instead of the U.S., and said there was a "notable deterioration" in U.S. consumer spending in the first quarter due to growing uncertainty over the economy. "We are currently taking a rather cautious stance regarding consumer behavior in the U.S.," its CEO Daniel Grieder said on Tuesday as the company reported lower revenues compared to last year. The reaction highlights the impact of Trump's tariffs on the flow of consumer products around the globe, forcing companies to shake up long-established patterns of manufacturing and sales. Key will be how U.S. consumers react to price increases as a result of tariffs. Barbie maker Mattel on Monday pulled its annual guidance, saying there was too much uncertainty over consumer spending, and that tariffs would force it to raise prices in the U.S. For its card game UNO, Mattel said it was shipping more China-manufactured games internationally to avoid U.S. tariffs on Chinese goods, while increasing production of UNO in India to serve U.S. customers. The CEO of Italian fashion group OTB, which owns brands including Diesel, Jil Sander and Maison Margiela, said on Monday it would have to increase its prices in the U.S. by 8-9% to offset the impact of tariffs. While European brands previously proudly advertised their sales to U.S. consumers, world leaders in spending on clothes and shoes, they have pivoted to trying to reassure investors they are not overly exposed. The U.S. accounts for around 20% of German sportswear brand Adidas ' business, CEO Bjorn Gulden said last week in a results call, adding that "for 80% of our business these tariffs have no impact". "We believe we can currently gain more momentum in the other markets," said Gulden. "We can kind of finance the losses... on margin in the U.S. by overachieving in the other markets." More focus on Europe will however increase competition among retailers, and may make it harder for brands to win over new customers. The tariffs have also triggered concerns in the region that low-value goods could be dumped on the market. Cut-price online retailers Shein and Temu, whose main market is the U.S., have increased their advertising spend in Europe as they seek to mitigate the impact of the U.S. hiking tariffs on Chinese goods and removing a duty-free exemption for low-value e-commerce packages from China.
Yahoo
06-05-2025
- Business
- Yahoo
Spooked by US tariffs, retailers look for growth in Europe
By Helen Reid LONDON (Reuters) -Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive American consumer demand down. European online fashion retailer Zalando, which sells logistics and software services to other retailers, said on Tuesday it was in talks with prospective new clients looking to expand in the European market. "We see brands and retailers really having a larger focus on Europe as a way to also generate additional demand if it gets more difficult to do this in the U.S.," Zalando co-CEO David Schroeder said. U.S. President Donald Trump's administration has slapped a blanket 10% tariff on all imports into the country, and 145% tariffs on goods made in China. German clothing brand Hugo Boss has rerouted China-manufactured products to other markets instead of the U.S., and said there was a "notable deterioration" in U.S. consumer spending in the first quarter due to growing uncertainty over the economy. "We are currently taking a rather cautious stance regarding consumer behavior in the U.S.," its CEO Daniel Grieder said on Tuesday as the company reported lower revenues compared to last year. The reaction highlights the impact of Trump's tariffs on the flow of consumer products around the globe, forcing companies to shake up long-established patterns of manufacturing and sales. Key will be how U.S. consumers react to price increases as a result of tariffs. Barbie maker Mattel on Monday pulled its annual guidance, saying there was too much uncertainty over consumer spending, and that tariffs would force it to raise prices in the U.S. For its card game UNO, Mattel said it was shipping more China-manufactured games internationally to avoid U.S. tariffs on Chinese goods, while increasing production of UNO in India to serve U.S. customers. The CEO of Italian fashion group OTB, which owns brands including Diesel, Jil Sander and Maison Margiela, said on Monday it would have to increase its prices in the U.S. by 8-9% to offset the impact of tariffs. While European brands previously proudly advertised their sales to U.S. consumers, world leaders in spending on clothes and shoes, they have pivoted to trying to reassure investors they are not overly exposed. The U.S. accounts for around 20% of German sportswear brand Adidas' business, CEO Bjorn Gulden said last week in a results call, adding that "for 80% of our business these tariffs have no impact".
Reuters
06-05-2025
- Business
- Reuters
Spooked by US tariffs, retailers look for growth in Europe
LONDON, May 6 (Reuters) - Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive American consumer demand down. European online fashion retailer Zalando ( opens new tab, which sells logistics and software services to other retailers, said on Tuesday it was in talks with prospective new clients looking to expand in the European market. "We see brands and retailers really having a larger focus on Europe as a way to also generate additional demand if it gets more difficult to do this in the U.S.," Zalando co-CEO David Schroeder said. U.S. President Donald Trump's administration has slapped a blanket 10% tariff on all imports into the country, and 145% tariffs on goods made in China. German clothing brand Hugo Boss ( opens new tab has rerouted China-manufactured products to other markets instead of the U.S., and said there was a "notable deterioration" in U.S. consumer spending in the first quarter due to growing uncertainty over the economy. "We are currently taking a rather cautious stance regarding consumer behavior in the U.S.," its CEO Daniel Grieder said on Tuesday as the company reported lower revenues compared to last year. The reaction highlights the impact of Trump 's tariffs on the flow of consumer products around the globe, forcing companies to shake up long-established patterns of manufacturing and sales. Key will be how U.S. consumers react to price increases as a result of tariffs. Barbie maker Mattel (MAT.O), opens new tab on Monday pulled its annual guidance, saying there was too much uncertainty over consumer spending, and that tariffs would force it to raise prices in the U.S. For its card game UNO, Mattel said it was shipping more China-manufactured games internationally to avoid U.S. tariffs on Chinese goods, while increasing production of UNO in India to serve U.S. customers. The CEO of Italian fashion group OTB, which owns brands including Diesel, Jil Sander and Maison Margiela, said on Monday it would have to increase its prices in the U.S. by 8-9% to offset the impact of tariffs. While European brands previously proudly advertised their sales to U.S. consumers, world leaders in spending on clothes and shoes, they have pivoted to trying to reassure investors they are not overly exposed. The U.S. accounts for around 20% of German sportswear brand Adidas ' ( opens new tab business, CEO Bjorn Gulden said last week in a results call, adding that "for 80% of our business these tariffs have no impact". "We believe we can currently gain more momentum in the other markets," said Gulden. "We can kind of finance the losses... on margin in the U.S. by overachieving in the other markets." More focus on Europe will however increase competition among retailers, and may make it harder for brands to win over new customers. The tariffs have also triggered concerns in the region that low-value goods could be dumped on the market. Cut-price online retailers Shein and Temu, whose main market is the U.S., have increased their advertising spend in Europe as they seek to mitigate the impact of the U.S. hiking tariffs on Chinese goods and removing a duty-free exemption for low-value e-commerce packages from China.
