March 25, 2020 / 2:55 PM / 16 days ago

Zalando says coronavirus shutdown limiting demand

BERLIN, March 25 (Reuters) - German online fashion retailer Zalando said on Wednesday that restrictions on public life were resulting in lower demand for its products.

Zalando, Europe’s biggest online only fashion player, last month forecast sales growth of 15-20% for 2020, down from 20.3% in 2019, not taking account of any negative impact from the coronavirus.

Reporting by Emma Thomasson Editing by Michelle Martin

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