Zalando revises guidance as it posts revenue decline

Zalando boxes

Online fashion giant Zalando has recorded a decrease in group revenue and is reviewing its guidance as it expects “continued pressure on demand” for the remainder of the financial year.

Group revenue slipped 3.2% to €2.27bn (£1.98bn) while gross merchandise volume declined 2.4% to € 3.2bn (£2.79bn) in its third quarter.

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