Fashion

Ralph Lauren cuts deeply in its costs and workforce: the American fashion label wants to save up to 200 million dollars by laying off 15% of its employees. That would cost some 3,700 people their jobs.

Prospects for fashion label Haider Ackermann are certainly bleak: the company is making heavy losses and does not find a buyer. The future is uncertain, says owner Anne Chapelle.

Zalando starts offering second-hand clothing: customers will be able to 'sell' their worn items via the platform, but instead of receiving any money in return, they will receive a gift certificate or a donation to a charity.

Amazon has launched an online luxury department store, even if only with a single partner: Oscar de la Renta is the first to open a shop-in-shop at the new Luxury Stores platform. More brands will follow in the coming weeks.

Access to the store from the palm of your hand: fashion retailer Zara continues to build on his 'integrated' shop model that increasingly blends online and offline. 25 Spanish stores are already taking the next step.

Hunkemöller plans to close stores in Belgium, the Netherlands and Germany. As a result of the corona crisis, the lingerie chain is reviewing its expansion plans, but also the existing network: in mature markets it will have to operate with fewer stores.

In China, luxury consumption seems to have already overcome the coronavirus crisis: according to Prada, sales are once again reaching a level well above that of 2019.