Zalando Raises Full-Year Sales Forecast as It Spends to Grow
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Zalando SE raised its full-year revenue forecast as the German online apparel retailer hires more staff and builds warehouses to spur growth.
Sales this year will rise as much as 31 percent, Zalando said in a statement Thursday. That’s up from previous guidance for 20 percent to 25 percent growth. The stock surged as much as 10 percent, the most since April.