European online fashion retailer Zalando on Wednesday reported quarterly growth above last year’s level, benefiting from artificial intelligence investments that are making its business more efficient.
The company said its gross merchandise volume (GMV), a key revenue metric measuring the value of all goods sold, rose 21.7% to 4.3 billion euros ($5.03 billion) in the first quarter, compared to 3.5 billion euros a year earlier.
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Source: Reuters | Published: 2026-05-06T05:15:25Z
Credit: Reuters
