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Zalando Prepared as Virus Return Boosts Ecommerce

Zalando said it was well prepared for a second coronavirus wave. (Reuters)
Zalando said it was well prepared for a second coronavirus wave. (Reuters)
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Zalando Prepared as Virus Return Boosts Ecommerce

Zalando said it was well prepared for a second coronavirus wave. (Reuters)
Zalando said it was well prepared for a second coronavirus wave. (Reuters)

German online fashion retailer Zalando said on Wednesday it was well prepared for a second coronavirus wave after it reported better-than-expected profitability due to an “exceptionally” strong spring and summer season.

Third-quarter adjusted operating profit came in at 118 million euros ($137 million) on sales up 22% to 1.8 billion euros, compared to average analyst forecasts for 88 million and 1.86 billion respectively.

The profit figure was flattered by the one-off impact of changes to inventory valuation worth 35 million euros.

It confirmed a full-year outlook it raised last month for adjusted operating profit of between 375 and 425 million euros and for sales to grow 20-22%.

“As the second coronavirus wave is starting more forcefully than anticipated, we are much better prepared than earlier in the year,” said finance chief David Schroeder.

Zalando said it hoped to triple the number of brick-and-mortar stores that can sell across its platform in 2021, adding it has expanded the program to Denmark, Finland and Norway this month, with five more countries to follow in 2021.

Europe’s biggest pure online fashion retailer said the number of active customers rose almost 21% to 35.6 million, while the average order size was up 2.4% to 57.2 euros.

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Fashion

Hugo Boss Expects Sales, Profit at Lower End of Annual Guidance

FILE PHOTO: A window display is seen at the Boss store in London, Britain, May 30,2024. REUTERS/Chris J. Ratcliffe/File Photo
FILE PHOTO: A window display is seen at the Boss store in London, Britain, May 30,2024. REUTERS/Chris J. Ratcliffe/File Photo
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Hugo Boss Expects Sales, Profit at Lower End of Annual Guidance

FILE PHOTO: A window display is seen at the Boss store in London, Britain, May 30,2024. REUTERS/Chris J. Ratcliffe/File Photo
FILE PHOTO: A window display is seen at the Boss store in London, Britain, May 30,2024. REUTERS/Chris J. Ratcliffe/File Photo

German fashion group Hugo Boss on Tuesday said sales and operating profit in the current year would be at the lower end of its guidance, in line with analysts' expectations, as it reported lower-than-expected third quarter sales.

The group's sales fell 1% in currency-adjusted terms to 989 million euros in the third quarter, from 1.03 billion a year earlier. That was a touch below analysts' forecast of 1.01 billion euros in a company-provided poll, Reuters reported.

Fashion

Late Queen's Fashion to Go on Show at Buckingham Palace

The exhibition is to show off some 200 items of clothing queen Elizabeth II wore over the course of her 96 years. Chris Jackson / Chris Jackson Collection/Getty Images/AFP/File
The exhibition is to show off some 200 items of clothing queen Elizabeth II wore over the course of her 96 years. Chris Jackson / Chris Jackson Collection/Getty Images/AFP/File
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Late Queen's Fashion to Go on Show at Buckingham Palace

The exhibition is to show off some 200 items of clothing queen Elizabeth II wore over the course of her 96 years. Chris Jackson / Chris Jackson Collection/Getty Images/AFP/File
The exhibition is to show off some 200 items of clothing queen Elizabeth II wore over the course of her 96 years. Chris Jackson / Chris Jackson Collection/Getty Images/AFP/File

Buckingham Palace will next year host an unprecedented exhibition highlighting the fashion legacy left by the late queen Elizabeth II during her 70-year reign.

"The wardrobe of her late majesty is a snapshot of a very long life, a life of duty, and in so many ways it's a time capsule," said UK designer Erdem Moralioglu.

"It captures a very specific and important moment in history."

The exhibition "Queen Elizabeth II: Her Life in Style" will display some 200 items of clothing she wore over the course of her 96 years, half of which have never been exhibited before, the Royal Collection said in a statement Tuesday.

There will also be some sketches, some with annotations by the designers and even the late queen herself.

Moralioglu, along with fashion designers Richard Quinn and Christopher Kane, will contribute pieces to the exhibition which opens at The King's Gallery, Buckingham Palace, in April.

Elizabeth's style and her promotion of British culture had "a huge impact on British fashion," said Quinn.

"The ultimate stamp of approval: she always shone a light on British designers, highlighting the relevance and significance of British fashion across the world."

Kane added that "her garments tell the story of Britain and its changing identity through fashion".

Among the items on display will be an apple-green evening gown designed by Norman Hartnell and worn for a state banquet given at the UK embassy in Washington in 1957 for then president Dwight D. Eisenhower.

The queen's wedding dress and her coronation gown, both also designed by Hartnell will be on view, along with a bridesmaid's dress she wore in 1934.

There will be practical tailored pieces from the queen's private wardrobe including riding clothes and distinctive scarves.

One unusual item is a clear plastic raincoat made by the couturier Hardy Amies in the 1960s, which was "strikingly modern for the era," the Royal Collection said.

"Queen Elizabeth II's wardrobe was a masterclass in symbolism, tailoring and British craftsmanship," said curator Caroline de Guitaut.

Tickets for the exhibition, which will run from April 10 to October 18, 2026, go on sale from Tuesday.

Elizabeth died in September 2022.

Fashion

Saudi Fashion Commission Launches Content Creation Program in Milan

Saudi Fashion Commission Launches Content Creation Program in Milan
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Saudi Fashion Commission Launches Content Creation Program in Milan

Saudi Fashion Commission Launches Content Creation Program in Milan

Saudi Arabia's Fashion Commission has launched a new training program focused on content creation within the fashion industry, designed to support Saudi talent in developing advanced digital communication and brand storytelling skills.

The program targets mid-level Saudi fashion designers and aims to enhance their capabilities in building brand identity, using digital marketing tools, and producing high-quality creative content that strengthens brand presence in competitive markets. Participants will also benefit from networking opportunities and exposure to international industry standards, SPA reported.

Delivered in collaboration with Fondazione Sozzani, the program begins with a virtual introductory session on November 25, followed by intensive in-person training in Milan from December 15 to 19.

The training will be conducted in English and combines theoretical and practical learning, giving designers specialized knowledge and hands-on experience to support their professional development and international visibility.

This initiative reflects the commission’s commitment to empowering creative talent, broadening access to global learning opportunities, and advancing the growth of the Saudi fashion sector.