BERLIN (Reuters) - German online fashion retailer Zalando (DE:ZALG) is cutting 350 million euros ($380.24 million) of costs to help it get through the new coronavirus crisis without needing layoffs, the Business Insider magazine reported on Thursday.
Business Insider cited a Zalando spokeswoman as saying the company was making cuts in marketing, logistics and general costs, as well as scaling back investments.
Zalando was not immediately available to comment.