Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020.
Zalando now expects 2023 revenue to fall between 0.5% and 3%, having previously guided to a 1% decline at worst.
An unusually warm September weighed on sales of autumn and winter clothes, Zalando said, exacerbating the impact of weak consumer sentiment.
Gross merchandise volume - a measure of sales on the platform by Zalando and partner brands - fell by 2.4% from a year ago.
The company's market value has dropped over the past two years as shoppers, freed from pandemic restrictions, returned to stores and ordered fewer clothes online.
Persons:
Clodagh, Zalando, Clément Génelot, Bryan Garnier, Zalando's, Génelot, Gross, Helen Reid, Christian Schmollinger, Sonali Paul
Organizations:
REUTERS, Thomson
Locations:
Galway, Ireland, Paris, Germany, Austria, Switzerland