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Zalando Shares Erase Year-to-Date Gains as Inventory Levels Grow

  • Shares fell as much as 9.3% after first-quarter results
  • Adjusted loss in first quarter was €700,000, beating estimates
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Photographer: Krisztian Bocsi/Bloomberg
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Zalando SE shares erased their year-to-date gains after reporting first quarter results on Thursday, as weak consumer sentiment drove up the German online fashion retailer’s inventory levels. 

Shares fell as much as 9.3% and were down 8.3% to €32.16 at 12:48 p.m. in Frankfurt.