Zalando fashion

Zalando sales fall as inflation dampens non-essential fashion spend

Berlin-based fashion e-tailer Zalando has published its second-quarter results: Q2 Gross Merchandise Volume (GMV) flat compared to Q2 2021 at EUR3.8bn (US$3.87bn). Revenue down 4% year-on-year to EUR2.6bn, mainly due to the transition of the business to a platform model. Adjusted EBIT of EUR77.4m, resulting in a margin of 3%. Zalando expects improved profitability and …

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