Zalando SE (ZALG.DE)
24 Sep 2018
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BERLIN Zalando , Europe's biggest online only fashion retailer, cut its 2018 outlook for a second time in as many months, saying a long, hot summer had taken its toll and wiping as much as 20 percent off the value of its shares. | Video
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BERLIN, Sept 18 Zalando, Europe's biggest pure online fashion retailer, cut its 2018 guidance for a second time in as many months, saying the unusually hot summer and a delayed switch to the fall/winter season weighed on revenue growth and earnings.
(In September 3 story removes Reuters Instrument Code, paragraph 6)
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LONDON, Aug 7 European shares rose on Tuesday and made their way back to positive territory for 2018 as investors cheered UniCredit results, oil prices boosted energy groups and a positive open on Wall Street lifted sentiment.
BERLIN, Aug 7 Europe's biggest pure online fashion retailer Zalando on Tuesday trimmed its full-year sales and profit outlook after the hot summer hit demand for some clothing ranges and a rise in shopping on mobile phones devices cut average transaction size.