Zalando revises outlook for the full year 2022 as macroeconomic conditions deteriorate further

  • Gross Merchandise Volume (GMV) expected to increase by 3%-7% to 14.8-15.3 billion euros in financial year 2022
  • Second quarter is profitable but weaker than expected  
  • Company taking decisive actions to adapt to current challenges and improve profitability

BERLIN, June 23, 2022 // Zalando SE, a leading online platform for fashion and lifestyle in Europe, issued an update for the second quarter 2022 and revised its guidance for the financial year 2022 as macroeconomic conditions have further deteriorated during the second quarter of 2022 with the EU consumer confidence index decreasing further in June. 

More here