Wayfair lays off 5% of workforce

Online furniture and home goods retailer Wayfair is laying off 870 employees. This reduction affects 5 percent of its global workforce and 10 percent of its corporate team. According to the company, its team is too big for the current

German startup Lisa raises 2.7 million euros

Lisa, a startup from Berlin, raised 2.7 million euros in funding. The company, which offers social shopping solutions, will use the money to accelerate growth and develop its software service. Social shopping is still in its infancy in Europe.

Lisa

German drugstore DM installs pick-up lockers

Popular German drugstore Drogerie Markt (DM) has announced that it is installing automatic pick-up lockers in its stores. Customers can easily collect online orders at the pick-up stations. It will install the lockers in at least 700 stores.

While the

Asos and Boohoo investigated for greenwashing

Style platforms Asos and Boohoo are being investigated by the British Competitors and Markets authority relating to greenwashing. Their claims about sustainability could also be deceptive the general public. The CMA says it ‘will not hesitate to take authorized motion’.

Zalando places launch within the US on maintain

Ecommerce style big Zalando is planning to launch within the US subsequent 12 months. To take action, it’s going to make investments no less than 100 million euros. Nevertheless, present disappointing monetary outcomes have put the plan on maintain.

German