Andrea Felsted, Columnist

Keeping Up With the Amazons

The squeeze on profits will continue.

August 10, 2017 at 9:42 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

1502360030_GettyImages-456440812 — Photographer: Hannelore Foerster/Getty Images

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Spending looks like it will never go out of style at Zalando SE.

The online fashion retailer said on Thursday that sales growth would be in the upper half of the 20-25 percent forecast for this year. In contrast, the profit margin, on an adjusted earnings before interest and tax basis, would be in the lower half of its 5-6 percent range.