Zalando Stock Jumps as Online Retailer Sees Stronger Growth
Cargo truck outside the Zalando SE online shopping logistics and fulfillment center in Erfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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.