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March 13 (Reuters) - European shares opened higher to

hit another record high on Wednesday, as upbeat corporate

updates encouraged market sentiment, while investors awaited

industrial production data from the region.

The pan-European STOXX 600 was up 0.1%, by 8:21

GMT, following the benchmark's all-time closing high on Tuesday.

The retail index gained 3.0% and led sectoral gains,

helped by a 16.9% surge in Zalando, after the online

fashion retailer reported a fourth quarter profit beat and

announced a share buy-back program.

E.ON rose 6.0% after the operator of energy

networks raised its five-year investment target to 42 billion

euros ($45.90 billion), and provided 2024 profit guidance that

beat expectations.

Vallourec climbed 6.6%, after the steelmaker

ArcelorMittal announced acquisition of a 28.4% stake in

the France-based company for around 955 million euros to

increase its exposure in the tubular business.

On the data front, investors awaited figures on euro zone

industrial production for the month of January, due 10:00 GMT,

for more insights into the region's economic resilience and the

start of the interest rate cut cycle.

($1 = 0.9151 euros)