Zalando boosts sales, but suffers from fraud

zalon_outfit_man_teaser_190x110Berlin-based online retailer of lifestyle products, sporting goods, and footwear saw its sales soar, in the first six months, by 31.5 percent to €1.38 billion over the previous year’s period. The earnings before interest and taxes (Ebit) reached €59 million, but were under pressure.

The retailer suffered because of a rash of purchases that went unpaid by customers. Additionally, Zalando had to deal with a wave of systematic fraud on its sales platform during the second quarter.

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