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Pin to quick picksASOS Share News (ASC)

Share Price Information for ASOS (ASC)

London Stock Exchange
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Share Price: 356.00
Bid: 355.40
Ask: 356.60
Change: 6.40 (1.83%)
Spread: 1.20 (0.338%)
Open: 334.00
High: 362.00
Low: 334.00
Prev. Close: 349.60
ASC Live PriceLast checked at -

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Zalando gives staff 5 extra days off to reward pandemic performance

Thu, 03rd Jun 2021 13:24

BERLIN, June 3 (Reuters) - Europe's biggest online only
fashion retailer Zalando, which has seen sales soar
during coronavirus lockdowns, said on Thursday it will grant all
staff an extra week off in recognition of the pressure of recent
months.

Zalando's more than 14,500 employees can take off from Aug.
2 to Aug. 6 as a "collective break" to recognise their
performance and allow them to recover from the pandemic
workload, chief people officer Astrid Arndt said in a blog post.

The company's business will be maintained by staff in
critical positions, such as those in warehouses, who can take
the five days at a different time.

The Berlin-based company reported that first-quarter sales
soared 47% to 2.24 billion euros ($2.73 billion) and it raised
its revenue and profit outlook again for the full year.

Zalando, which competes with companies including Britain's
ASOS and Boohoo, was founded in 2008 and
serves around 42 million customers in 20 markets in Europe. It
has a target to capture more than 10% of the European fashion
market.
($1 = 0.8207 euros)
(Reporting by Nadine Schimroszik, writing by Emma Thomasson;
editing by Barbara Lewis)

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CORRECT: Firm associated with Non-Exec William Barker buys Asos shares

(Correcting to clarify Camelot Capital Partners LLC purchased Asos PLC shares.)

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