Zalando, founded in 2008, now delivers 2,000 brands in 15 countries and is expanding deliveries from distribution centres in Germany and France. — Reuters
BERLIN: German online fashion retailer Zalando stumbled in its breakneck expansion across Europe in the second quarter due to capacity constraints at new warehouses, sending its shares down 7%.
Europe's biggest online-only fashion retailer needs to scale up quickly to compete with e-commerce giant Amazon, but preliminary quarterly sales growth of 19-21% undershot the Berlin-based company's annual target.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
