Zalando profits and sales slip as supply chain and inflation costs bite

Zalando packaging

Zalando has reported dropping profits and revenues as rising inflation and the cost-of-living crunch impacted its bottom line.

The German-based fashion retailer reported a 1.5% drop year on year in revenues to €2.2bn (£1.9bn) and a 2.4% slip in adjusted group EBIT to €51.8m (£49.2m) for the first quarter of the year. 

Gross merchandise volumes were up 1% to €3.2bn (£2.7bn), but Zalando said it expected its full-year financial guidance for the year would be at the lower end of profitability between €430m (£364m) and €510m (£431m). 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.