As it reported its quarterly financial results, Zalando, which is Europe’s largest online clothing store, said it now expects its full-year sales and operating profit to be at the lower end of its target range.
Its sales grew by 2.9% from the same time last year to 2.35 billion euros ($2.31 billion) in the third quarter, and its adjusted group earnings before interest and taxes (EBIT) went up from 9.8 million euros to 13.5 million euros.
($1 = 1.0180 euros)