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Zalando Beats First-quarter Revenue Forecast, Confirms 2025 Goal

FILE PHOTO: Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. REUTERS/Clodagh Kilcoyne/File Photo
FILE PHOTO: Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. REUTERS/Clodagh Kilcoyne/File Photo
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Zalando Beats First-quarter Revenue Forecast, Confirms 2025 Goal

FILE PHOTO: Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. REUTERS/Clodagh Kilcoyne/File Photo
FILE PHOTO: Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. REUTERS/Clodagh Kilcoyne/File Photo

European online fashion retailer Zalando reported first-quarter revenue on Tuesday that was stronger than expected, boosted by additional customers and a good start to spring and summer sales, while confirming its 2025 guidance.
Revenue of 2.420 billion euros ($2.74 billion) for the three months ended March 31 beat analysts' average forecast of 2.367 billion.
The number of active customers rose to a new high of 52.4 million, up from 49.5 million in the first quarter last year, Reuters reported.
Zalando said it confirmed its guidance "despite a fast-changing geopolitical and macroeconomic environment", referring to global trade tariffs that have driven many in the consumer and retail sector to cut expectations for 2025.

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Fashion

Nike Cuts Some Jobs in Technology Division 

A Nike store is seen in New York City, US, April 2, 2025. (Reuters)
A Nike store is seen in New York City, US, April 2, 2025. (Reuters)
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Nike Cuts Some Jobs in Technology Division 

A Nike store is seen in New York City, US, April 2, 2025. (Reuters)
A Nike store is seen in New York City, US, April 2, 2025. (Reuters)

Sportswear retailer Nike is laying off some of its employees in its technology division, a company representative told Reuters on Monday.

Nike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announced last week.

The representative did not specify how many employees were laid off. It is not immediately clear how many people work in Nike's technology division.

Bloomberg News first reported the development earlier on Monday.

The Air Jordan maker in March forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals.

Earlier this month, Nike CEO Elliott Hill made several changes to the senior leadership team. Hill took the helm in October to lead a turnaround at a company that has lately struggled to design new and innovative shoes.