Tags: Online retailer
Online Retailer Zulily Is Closing Down, Laying Off Hundreds of Workers
US-based online retailer Zulily has announced its closure, surprising its customers and hundreds of employees who will be laid off.
Walmex Q4 net income down by 18.4%
Wal-Mart De Mexico SAB posted an 18.4% drop in its fourth-quarter net income. High spending during the fourth quarter affected the retailer's earnings.
Rocket Internet-backed Zalora and The Iconic nabs USD112 million in funding
German startup accelerator Rocket Internet raised USD112 million in new funding for online fashion retailers Zalora and The Iconic, making it the biggest single investment made for an e-commerce company in the Asian Pacific region.
Online retailer navabi raises EUR10 million in Index Ventures-led Series C investment round
German startup navabi, which sells designer brand clothing online, drew EUR10 million in new Series C funding from institutional investors led by private equity firm Index Ventures.