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Zalando Shares Drop 2% After Job Cuts and Fulfillment Center Closure

Zalando Shares Drop 2% After Job Cuts and Fulfillment Center Closure

Zalando's stock slips by 2% following the announcement of a closure of its Erfurt fulfillment center and job cuts impacting 2,700 employees. The company cites restructuring and post-merger integration challenges, but investors remain cautious about the long-term effects on earnings and competition.

TECHi Desk