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MarketScreener Homepage  >  Equities  >  Xetra  >  Zalando SE    ZAL   DE000ZAL1111

ZALANDO SE

(ZAL)
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Zalando : seeks right fit with deal to buy body scanning startup

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10/16/2020 | 10:10am EDT
FILE PHOTO: The logo of fashion retailer Zalando is pictured at the new headquarters in Berlin

BERLIN (Reuters) - Fashion e-tailer Zalando SE said on Friday it had bought a body scanning company to help solve the biggest question for people buying clothes online: How do I know if they will fit?

Zalando has acquired Fision, a Zurich-based software company whose body-scanning app includes a virtual dressing room to help buyers easily judge whether a garment will be the right size for them.

The deal, whose terms were not disclosed, should help reduce the amount of clothes sent to buyers that are the wrong size, and in turn mean fewer outfits get sent back.

"Customers will get size advice earlier in their relationship with Zalando," said Stacia Carr, Zalando's Director of Engineering - Size and Fit.

"At the same time, we can create a feedback loop between brands and consumers designed to drive customer loyalty and in the long run reduce waste."

(Reporting by Douglas Busvine; Editing by Mark Potter)


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Financials
Sales 2020 7 788 M 9 209 M 9 209 M
Net income 2020 184 M 217 M 217 M
Net cash 2020 768 M 909 M 909 M
P/E ratio 2020 119x
Yield 2020 -
Capitalization 21 383 M 25 189 M 25 287 M
EV / Sales 2020 2,65x
EV / Sales 2021 2,22x
Nbr of Employees 13 744
Free-Float 63,6%
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 79,00 €
Last Close Price 85,00 €
Spread / Highest target 29,4%
Spread / Average Target -7,06%
Spread / Lowest Target -55,6%
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NameTitle
Robert Gentz Co-Chief Executive Officer
Rubin Ritter Co-Chief Executive Officer
David Schneider Co-Chief Executive Officer
Cristina Stenbeck Chairman-Supervisory Board
David Schröder Chief Financial Officer
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