Zalando lifts earnings forecast, third quarter sales disappoint

By Emma Thomasson BERLIN (Reuters) - Zalando, 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. Zalando said third-quarter sales rose 16-18 percent,