Zalando lifts earnings forecast, Q3 sales disappoint

BERLIN, Oct (HKSE: 3366-OL.HK - news) 19 (Reuters) - Zalando (Swiss: OXZALG.SW - news) , Europe's biggest online-only fashion retailer, reported an improvement in quarterly profitability on Wednesday, even as sales growth slowed, as it managed to prepare for unseasonably warm weather by ordering less stock ahead of time. Zalando is now forecasting a 2016 margin on adjusted earnings before interest and taxation (EBIT) of 5.0-6.0 percent, up from a previous forecast for 4.0-5.5 percent.