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Zalando Nearly Doubles Operating Profit in Q2 on Better Order Economics

Zalando to Cut Hundreds of Jobs

Zalando, Europe’s biggest online fashion retailer, said on Thursday that it had nearly doubled its operating profit level in the second quarter on better order economics and more focused marketing.

Its second-quarter adjusted earnings before interest and tax (EBIT) grew 87 percent, to €144.8 million ($158.24 million), compared with the same quarter last year, said the company.

The company also narrowed its full-year outlook for 2023, with…


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Philippine coast guard rescues 67 people from damaged boat in the second ferry accident in a week

Philippine coast guard rescues 67 people from damaged boat in the second ferry accident in a week

OCD

OCD trial yields negative result, but advances effective treatment interventions