While German fashion e-tailer Zalando celebrates its growth, software giant SAP has posted mixed quarterly results and Yahoo confirms a loss. Over in India, Snapdeal plans to expand its engineering team to more than 2,000 and in Britain, Coop is hiring 1,000 more staff. An interesting new research project to reduce sugar is about to start in the UK. Enjoy your news update.
Alibaba assures supplier reliability The Chinese e-commerce platform is upgrading its trade assurance programme to give small-to-mid-sized businesses peace of mind when buying from overseas suppliers.
Zalando and SAP report results Berlin-based fashion e-tailer Zalando recorded a sales boost of between 33 and 35% in the three months to the end of June, but expects a fall in profits +++ German software powerhouse SAP reports mixed quarterly results and modest profits.
Aldi succeeds in Ireland The German discounter has received the green light to extend its retail operations in the country, despite opposition from farmers. In another matter, a High Court judge has ruled that Aldi is entitled to an injunction prohibiting rival Dunnes Stores from referencing the discounter in its advertising.
Brick-and-mortar ambitions Rizzoli bookstore will open its new flagship bookstore on July 27 in New York in the historic St. James Building +++ Specialty footwear retailer Bucketfeet, which entered the world of brick-and-mortar in 2013, is partnering with store analytics provider RetailNext to better understand its shoppers.
Yahoo misses expectations The search engine company has confirmed it has swung to a loss in the second quarter but that revenues grew as the internet pioneer refocused its efforts on mobile and other growing sectors.
Major sugar study under way A multi-million pound research project to make diets healthier has been announced in Britain. Backed by a consortium of 14 leading food and drink companies, including Coca Cola, Mondelez, Sainsbury’s and Unilever, the project looks at new scientific methods to reduce sugar.
Facebook gains marketing importance Social media has moved up the ranks to become an important tool for engaging with and attracting new customers according to the State of Retailing Online 2015 report.