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Zalando Stock Jumps as Online Retailer Sees Stronger Growth

Cargo truck outside the Zalando SE online shopping logistics and fulfillment center in Erfurt, Germany.

Cargo truck outside the Zalando SE online shopping logistics and fulfillment center in Erfurt, Germany.

Photographer: Alex Kraus/Bloomberg
Updated on

Zalando SE rose more than 10% in early trading after Europe’s largest online fashion retailer held its full-year forecast steady and appeared to be getting a grip on managing the worst inflation in decades and volatile consumer demand. 

The German retailer now expects improved profitability and a return to growth in the second half of the year, according to a statement Thursday.