Zalando shares hit record high after upbeat outlook
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BERLIN (Reuters) - Shares in German online fashion retailer Zalando jumped 11% on Thursday after it said it expects full-year sales growth of 10-20% and a return to profitability following an initial hit from coronavirus lockdowns.Europe's biggest online only fashion retailer said late on Wednesday demand started to recover in April, allowing it to predict that sales and gross merchandise volume (GMV) - sales made by itself or its partners - will grow 10-20% in 2020.Zalando predicted that its..