Zalando Launches AI Shopping Agent as Discounts Squeeze Margins
Zalando reported a 0.9 percentage-point drop in its third-quarter gross profit margin to 38.7%, missing market expectations, according to analysts at Jefferies and JPMorgan.
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Technology
The Robot Startup Using Static Electricity to Make Nike Sneakers
Grabit, a robotics startup, makes machines that can work at 20 times the pace of humans.
Technology
Yahoo’s Mayer Building for Growth as Alibaba Help Set to Fade
SUNNYVALE , United States — Yahoo! Inc.'s Marissa Mayer can't rely on Alibaba Group Holding Ltd. to bail her out much longer, putting the onus on her
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The News in Brief
Unilever Plans €1 Billion in Savings to Ramp Up Turnaround
The conglomerate is focussed on sharpening its positioning as a pure-play beauty and personal care organisation.
Indian Jeweller Giva Raises $100 Million to Fuel Retail Expansion
The Bengaluru-based company plans to use the mammoth funding round to boost manufacturing and more than double its store count to over 1,000 locations.
Bangladesh Garment Workers Stage Fourth Day of Wage Protests
The unrest has intensified despite the government forming a wage board to review pay levels, with violent clashes shuttering factories and injuring dozens of people.
Retail Still a Weak Spot as Reliance Profits Beat Expectations
The Indian oil-to-telecom giant saw its market value jump by a record $19 billion as earnings surged, but its retail division continues to lag.
Hugo Boss Cuts Outlook Citing Weak Demand, Higher Costs
The German fashion house, recently taken over by Britain’s Frasers Group, is in the midst of a second turnaround effort under CEO Daniel Grieder.
Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.