Zalando warns investors that its sales will be up by between 33 and 35 percent in 2015, up from a previously forecast range of 28-31 percent, but they will generate an operating margin of 3 to 4 percent, less than the anticipated margin of 4-5 percent. The updated forecast for the third quarter calls for a sales increase of between 41 and 43 percent, reaching a level of $707 to $717 million, but ending up with an operating loss of $18 to $32 million due to higher investments in expanding the staff. Analysts had predicted a profit of €3 million for the period.

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