Zalando warns on profits as customer demand wanes

Zalando packages in foreground of warehouse

Zalando has issued a profit warning after a worse-than-expected second quarter.

The German fashion platform has revised its guidance for the full year as “macroeconomic conditions have further deteriorated”.

Zalando previously indicated that its full-year results would be at the lower end of analyst expectations, but has now said it expects them to be significantly below as the challenges of inflation and the cost-of-living crisis hit customer demand.

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