Company Earnings Update 2 minutesRegister for Free AccessZalando (XTRA: ZAL) FY17 Results: Price Pressures and Higher Fulfillment Costs Weigh on Margins Coresight Research March 2, 2018 Executive Summary In FY17, Zalando grew revenues by 23.4%, toward the upper end of the guided range. It grew gross merchandise volumes (GMV) by 26.5%. Price competition in some European markets, coupled with higher fulfillment costs, depressed margins. Net profit fell by 15.7% versus analyst estimates of a 2% increase. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Research Preview: Market Navigator—US Department StoresThe State of the American Mall: Competitive, Attractive and Here To StayWeekly US and UK Store Openings and Closures Tracker 2024, Week 9: Macy’s Announces Store Opening and Closure PlansAugust 2023 US Housing Market Indicators: Mortgage Rate Increases to Highest in Over 21 Years