STOCKHOLM, July 15 Zalando, Europe's most significant
on the web fashion retailer, saw growth in distinctive guests to its
website slow to single digits in the initial two months of the
second quarter, data showed on Tuesday ahead of a revenue update
anticipated later in the week.
Information from U.S.
amount of special visits to the retailer's site from individual
personal computers growing six % in April from the prior yr and
four percent in May possibly.
That follows double-digit increases observed during the
1st quarter when special visits rose 17 percent in the two January
and February, and 11 % in March.
The information, nonetheless, does not contain important mobile data, which
now makes up more than 35 % Zalando's site visitors.
Zalando, which competes with British on the web fashion retailer
ASOS, has previously said it has no programs to broaden to
new markets this 12 months and is investing less on advertising, meaning
the tempo of growth in unique consumers must naturally slow.
Shares in Swedish investment company Kinnevik, which
has a 36 percent stake in the German business and which reports
quarterly website traffic hog earnings on Friday, have been sensitive to information movement
The stock slid in the 1st three months of the year, partly
more than worries that growth at the on-line retailer was slowing, but
recovered right after Zalando's sturdy first-quarter final results.
IPO-candidate Zalando saw sales in the first quarter rise 35
percent to 501 million euros, slightly down from a 36 %
development price in the preceding quarter, while the group's core
margin improved significantly in the time period.
Kinnevik shares traded .6 percent decrease at 282.forty crowns at
0941 GMT compared with a wider Stockholm bourse which was down
(Reporting by Mia Shanley and Johannes Hellstrom, editing by