German online retailer Zalando, known for its fashion and lifestyle products, announced a third-quarter net income of €44.3 million ($48.2 million) on Tuesday, a turnaround from last year’s €8.2 million loss. Adjusted group earnings before interest and taxes (EBIT) climbed to €92.7 million from the prior year’s €23.2 million. The adjusted group EBIT margin improved to 3.9% from 1% a year ago. Group revenue increased 5% to €2.39 billion from the previous year’s €2.27 billion. Zalando’s third-quarter gross merchandise volume (GMV) rose 7.8% to €3.46 billion from €3.21 billion a year ago. The num…