Zalando’s profit boosted by sports, beauty, better inventories – ET Retail
Representative image Online fashion marketplace Zalando exceeded analyst estimates for quarterly profit on Tuesday thanks to growth in its sports, beauty and designer categories and improved inventories, sending shares up as much as 7% in morning trading. Zalando has focused on higher-priced brands and sportswear as it competes with low-priced retailers such as Shein. Gross…
