newsweek.ro/economie/un-gigant-al-modei-renunta-la

A major German fashion retailer, Peek & Cloppenburg, is planning to downsize its store spaces, focusing on smaller retail locations in seven cities. The company aims to transition from large stores to spaces ranging from 3,000 to 10,000 square meters, following financial difficulties. The restructuring will affect cities in the Ruhr area, including Essen and Dortmund, with some stores moving to shopping centers. The strategy also involves adapting employee roles to be more versatile. Despite recent layoffs, the company is looking to expand its presence with smaller stores, indicating a shift in retail strategy.