Zalando sales and profits slow against ‘challenging economic backdrop’
Online fashion giant Zalando has said it will focus on growing its profitability this year after sales slowed against a “challenging economic backdrop” in 2022.
Despite Zalando achieving its updated full-year guidance, it attributed the slowdown in sales to shoppers returning to stores combined with a low consumer sentiment, which “resulted in elevated inventory levels across the market”.
Already have an account? Sign in here