Zalando operating profit soars in second quarter

Zalando almost doubled its adjusted EBIT in its second quarter as it grew 87% to €144.8m year-on-year.
The German online fashion giant attributed the rise to more focused marketing, better order economics and bigger average basket sizes which led to lower fulfillment costs.
Chief financial officer Sandra Dembeck said the success puts Zalando “in pole position to shift its focus more towards investment and future growth initiatives”.Subscribe to Retail Gazette for free
Sign up&nb