Zalando improves profitability due to lower fulfilment costs

Zalando has reported “improved” profitability during its first quarter as its updated strategy starts to bear fruit.
The German fashion giant said adjusted EBIT rose to £24.3m (€28.3m) in the three months, up from a loss of £600,000 (€700,000) for the same period last year.
It noted the “substantial improvement” in profitability was driven by lower fulfilment costs and successful inventory management, which contributed to a 1.3% adjusted group EBIT m