Zalando: Margin Fantasy vs. Demand Dip – Who Will Win in Spring?

Zalando SE is a leading European online retailer of fashion and lifestyle products based in Berlin. The company operates a platform that connects brands, retailers, and end customers, encompassing both direct sales and a growing partner business. Zalando offers a wide range of clothing, shoes, and accessories and continuously invests in logistics, personalization, and digital services to enhance the shopping experience. A central component of the strategy is the expansion of the platform model, allowing external brands to sell their products directly...