Apparel retailers like Zalando, Zara, and ASOS are betting on AI virtual fitting rooms to create a better online shopping experience and cut costly returns
Buying clothes online can leave shoppers frustrated and retailers drowning in returned goods. Now brands hope that AI-powered tools will deliver the perfect fit.
German online fashion retailer Zalando agrees to buy its smaller rival About You for ~€1.2B, or €6.50 per share, a ~67% premium on December 10's closing price
Deirdre Hipwell / Bloomberg :
Amazon files a petition in the EU's General Court challenging the DSA and its “large platform” designation, the first US company to do so, following Zalando
Seattle-based group files legal action against proposed legislation designed to rein in Big Tech
Zalando files a complaint in EU general court, arguing the EC unfairly labelled the German online retailer as “very large”, in the DSA's first legal challenge
Javier Espinoza / Financial Times :
Zalando and Amazon fight over $42B European online shoe and apparel market, with Zalando investing heavily in logistics while Amazon is wooing fashion brands
Aaron Ricadela / Bloomberg :
Zalando and Amazon fight over $42B European online shoe and apparel market, with Zalando investing heavily in logistics while Amazon is wooing fashion brands
Zalando ruled fashion e-tailing. Then you-know-who came along. — by — Subscribe Reprints Tweets: @business and @sub8u Tweets: @business : Amazon wants to be absolutely fabulous when it comes to E...