Tariff uncertainty is roiling the markets and Zalando has been thrown out with the bathwater. A closer look, however, suggests Zalando's fundamental momentum is trending very positively. The de-rated valuation multiple offers investors an entry opportunity.
Zalando (ZLNDY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
German e-retailer Zalando said on Friday that it has secured the purchase of 90% of About You's share capital in its public takeover offer, advancing further in plans to buy the smaller rival.
Zalando , Europe's biggest online fashion retailer, on Thursday criticised EU tech regulators for lumping it in the same group as Amazon and AliExpress, saying it should not be subject to as stringent provisions of the bloc's tech rules as the other two companies.
Zalando said on Monday it launched the public tender offer for rival About You , following the approval of the German Federal Financial Supervisory Authority BaFin.
German online retailer Zalando on Wednesday said it intends to acquire fashion holding About You for 6.50 euros ($6.84) per share, as part of plans to form a pan-European e-commerce platform.
While UK retailers recieved a slight sales boost during July, according to the British Retail Consortium, it's not been as good for Zalando, the online clothing seller. Its shares are down more than 2.5% despite its sales and underlying earnings increasing, allowing it to reaffirm its full-year guidance.