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Zalando forecasts growth

Zalando forecasts growth

BERLIN: Zalando SE, Europe’s biggest online fashion retailer, forecast sales growth near the high end of its projected range this year as it gains more customers.

Revenue growth is to be closer to 25 percent than 20 percent, the Berlin-based company said in a statement yesterday.

Earnings before interest and tax are to be between 3 percent and 4.5 percent of sales, Zalando said. Zalando has made it simpler for consumers to buy entire outfits with just a few mouse clicks, increasing average purchase size.

It is also steadily boosting sales from mobile devices, now about 60 percent of its traffic.