Despite a rising turnover, online fashion shop Zalando saw its overall loss reach 55.7 million euros for the third quarter. The hot summer and too many returns were quite costly for the German company.
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A new employee called Toru is starting in Zalando's warehouse in Erfurt, Germany. You might consider this nothing special, but Toru is an autonomous picking robot that can not only move whole boxes, but even individual objects.
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Can a computer understand fashion? Zalando believes so, and launches a virtual stylist: from now on, an algorithm chooses what would be the ideal outfit for every customer. The online fashion retailer will also integrate physical stores in his platform next year.
Retailers often make their omnichannel models needlessly complicated and expensive. The problem is they start from the wrong assumptions. In his newest book, retail professor Gino Van Ossel makes a case for pragmatism.
Outlet stores are becoming more important in Zalando's business model: two new stores are to open this summer, with many more to come.
The Danish Bestseller group has taken a significant stake in German fashion platform About You. A capital increase of some 250 million euros should enable further growth of the online retailer.
Starting from October, you can literally ask your smart phone which gift it wants to pick for you. Zalando and Google are collaborating on a gift-picking chat bot for the virtual Google Assistant, which is present on all Android phones.
German online retailer Zalando saw its first quarter profit completely wiped away: last year's 5.1 million euro net profit turned into a 15 million euro loss. Turnover grew 22 %, investments being the cause for both.
Zalando launched its beauty product range in Germany today, which it announced in October. Markets outside of Germany will follow later.
German fashion retailer Zalando has raised its turnover by nearly 25 % in the past fiscal year, but it did suffer a profit drop. That was largely due to its home markets, because in the rest of Europe Zalando achieved its first profit.
Online fashion store Zalando has acquired a minority stake in the German start-up Magazino, which is currently developing robotic solutions for e-commerce distribution centers.
Zalando has further expanded its collaboration with physical retailers in Germany. Shoe stores were already able to ship through Zalando and now clothes stores can too.
German fashion web shop Zalando has grown nearly a quarter in the past fiscal year and its company profit also nearly grew 5 %, although the latter was slightly below its own expectations.
Fashion for Good, A C&A Foundation initiative focused on sustainable fashion, will join forces with Zalando to help bring sustainable innovations to market faster.
With Order Exchange Service, Zalando has found a way to simplify the return of a piece of clothing. Customers can use the service to return something and get a different size of that same item delivered.
An astonishing 600 Zalando employees are working on artificial intelligence. The online fashion retailer hopes to fully personalize its shopping environment, with a custom-fit product range for every customer within eighteen months.