Financial

Zalando’s Q3 profits slump in price-cutting war, but guidance is upgraded

2021-11-03T17:23:00

Zalando

Zalando reported a slump in third-quarter profits after cutting prices in response to promotions made at physical stores after Covid lockdowns were completely lifted in Germany and other key markets. While sales rose by 23 percent to €2.3 billion as compared to a year ago, adjusted operating earnings (Ebit) for ...

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