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Zalando said the purchase of Munich-based Kickz, which runs 15 stores in Germany and websites that deliver worldwide, fits into that strategy, combining Kickz' expertise in basketball and lifestyle with Zalando's technology and logistics. Zalando, which did not disclose the sum paid for Kickz, will integrate the brand into its online shop and help it to expand to more countries while retaining the Kickz stores, situated in prime locations in major German cities. "Zalando customers will get access to the newest products, which are otherwise only available at selected retailers, as well as exciting content in a baskeball world curated by Kickz," said David Schneider, Zalando managing board member. SPORTSWEAR PUSH The move fits with Zalando's push into the booming sportswear market, including last year's launch of the Ivy Park label co-founded by pop star Beyonce and its work on a pilot project to deliver directly from Adidas stores in Germany. [nL8N18Z44J] Amazon , which is expanding rapidly in fashion and is seen as the biggest threat to Zalando, has also been experimenting with physical retail, albeit mostly in food and books so far. Zalando forecast sales growth of 20-25 percent in 2017, against 23 percent in 2016. Its estimate for the margin on adjusted earnings before interest and tax (EBIT) was 5-6 percent, compared with 5.9 percent in 2016, in line with its medium-term guidance. However, that was below analyst forecasts for a 2017 EBIT margin of 6.2 percent, according to Thomson Reuters SmartEstimates, sending Zalando shares down 2.7 percent to 36.75 euros by 1028 GMT, the biggest drop among European retail stocks <.SXRP>. Zalando said it expected to invest 200 million

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euros ($211 million) in 2017, up from 182 million in 2016, primarily in infrastructure, increased automation and software, with new warehouses planned in France, Sweden and Poland.

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My Shop There is growing unease in the business community as it braces itself for England's first rate revaluation since 2010. The government is promising help in the Budget, but critics are calling the rates system itself "unfit for purpose in the 21st century" . As the commercial rental value of business premises are brought up to date, there will inevitably be some big losers. (You can learn more about the process here .) To get a snapshot 'rate reaction', we asked six shopkeepers we have previously profiled for our My Shop video series to reveal how they will be affected in April. Some are angry, some pleasantly surprised - and one thinks he knows a better way. 'How will I survive?' Image caption Mike Wells runs his self-proclaimed "bloke's paradise" in Essex "Trying to find the extra cash is going to be close to

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impossible," complains Mike Wells. His shop Uptomen in Leigh-on-Sea is devoted to male products, from shaving foam to belt buckles. Surprisingly, it attracts a mainly female clientele, looking for gifts for the men in their lives. He is one of the unlucky shopkeepers who will pay more when new business rates kick in.

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