zalando

Saleor — a Poland and U.S.-based startup that develops an open-source headless’ e-commerce platform that developers then use to build online shops — has pulled in an $8 million Seed-extension round led by Target Global (the investors which have previously backed the likes of Revolut and Auto1), and e-commerce giant Zalando. Also participating were SNR VC Kevin Mahaffey, Cherry Ventures, and TQ Ventures. Saleor’s API for e-commerce does the back-end heavy lifting for online shopping while developers produce a bespoke…

Zalando, Europe's biggest online fashion retailer, will focus on improving profitability this year after a profit slump and stagnating sales last year.The company's adjusted group earnings before interest and tax (EBIT) plunged by 60.1% last year to €184.6 million ($197.3 million) on revenue down 0.1%, it said on Tuesday, in line with guidance updated in November.The EBIT margin was 1.8%, compared with 4.5% in 2021, but the company's profitability push - including jobs cuts announced last month - is expected to help it to…

German online fashion retailer Zalando said it was cutting hundreds of jobs across its workforce of 17,000, saying it had expanded too much and citing a difficult economic environment since the coronavirus pandemic. "We have decided to start a program that will remove several hundred overhead roles across many of our teams," it said in a statement. "Over the last few years, some parts of our company have expanded too much and we have added a degree of complexity to our organization that impacted our ability to act…