European retail stocks fell on Friday to their lowest level since the onset of the COVID-19 pandemic in 2020, hit by a profit warning from online fashion retailer Zalando and data showing consumer confidence in Britain has hit a record low. The STOXX 600 retail sector, poised for its fourth consecutive week of declines, hit its lowest level since March 2020. Shares of German retailer Zalando plunged to a December 2018 low after the company on Thursday warned of weaker second quarter and cut 2022 outlook on deteriorating macro conditions.
Zalando SE / Key word(s): Change in Forecast/Quarter ResultsZalando SE: Zalando SE: Weaker Q2 2022 expected and revised outlook for the full year 202223-Jun-2022 / 17:50 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.BERLIN, June 23, 2022 // Zalando SE, a leading online platform for fashion and lifestyle in Europe, is issuin