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Zalando has warned revenue and gross merchandise value growth in the first quarter will fall below analyst’s expectations as consumers rein in spending during the coronavirus pandemic.
Price, convenience and attitudes towards eco-friendly products and services are the biggest barriers to sustainable behaviour, panellists told delegates at Drapers Sustainable Fashion 2020 today.
Zalando’s revenue grew 20.3% to €6.5bn (£5.5bn) for the 2019 financial year, after the Berlin-based etailer won 4.6 million more active customers.