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German Online Retailer Zalando Closes Eastern Site with 2,700 Staff

Europe · Erfurt

German Online Retailer Zalando Closes Eastern Site with 2,700 Staff

46% Left coverage: 13 sources

FRANKFURT, Germany — German online fashion retailer Zalando said Thursday it would close a distribution center in the eastern city of Erfurt with 2,700 employees to restructure its European logistics network. The center accounts for nearly one-sixth of Zalando’s workforce. It will cease operations by the end of September, the company said in a statement. “We have made the difficult but necessary decision to close our fulfilment center in Erfurt,…See the Story

IKEA to close seven stores in China amid strategy shift

Business · China

IKEA to close seven stores in China amid strategy shift

42% Center coverage: 7 sources

The firm plans to open more than 10 small-format outlets in key cities over a two-year period.See the Story

Uniqlo’s shiny international stores are pumping its sales as it targets Inditex’s crown

Uniqlo’s shiny international stores are pumping its sales as it targets Inditex’s crown

Coverage: 2 sources

Even Uniqlo’s Japan business now sees 10% of its revenue coming from foreign tourists....See the Story

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