FRANKFURT (dpa-AFX) - The slide in the Zalando share price did not come to a halt on Monday. With a drop of 3.65 percent to 18.37 euros, the share price marked another low since the fall of 2014. The record low of just over 17 euros also dates back to the fall of 2014 and was reached shortly after the IPO. The issue price had been EUR 21.50.

In the still young stock market year 2024, Zalando's share price losses totaled 14.4 percent, putting it in last place in the Dax. In 2023, the shares were already at the bottom of the leading German index with an annual loss of a good 35 percent; in 2022, they were penultimate with a loss of more than half. The record of almost EUR 106 from mid-2021 is a long way off. At that time - in the middle of the coronavirus pandemic - online retail was booming.

In the bleak economic environment, investors are concerned about the business development of the DAX-listed company. Just last Thursday, a profit warning from British sports and leisure fashion retailer JD Sports Fashion further dampened industry sentiment. This also weighed on the shares of Adidas and Puma, which fell by half a percent and 2.5 percent respectively on Monday./mis/men