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Galeria, Primark, Görtz and Co. are closing branches in German inner cities

2022-12-14T05:29:25.052Z


Galeria, Primark, Görtz and Co. are closing branches in German inner cities Created: 2022-12-14 06:19 By: Oliver Schmitz Galeria Karstadt Kaufhof and Görtz branches could close in numerous cities. Closings are also possible for other companies. Cologne – Retail has been struggling with falling demand in many sectors for years. But the past few years have also dealt a serious blow to a number o


Galeria, Primark, Görtz and Co. are closing branches in German inner cities

Created: 2022-12-14 06:19

By: Oliver Schmitz

Galeria Karstadt Kaufhof and Görtz branches could close in numerous cities.

Closings are also possible for other companies.

Cologne – Retail has been struggling with falling demand in many sectors for years.

But the past few years have also dealt a serious blow to a number of established brands.

Because in addition to the trend towards online shopping, textile, electronics and perfume shops have suffered and are suffering from the consequences of the corona pandemic.

The energy crisis is also leaving its mark.

Several large chains such as Galeria Karstadt Kaufhof, Primark or Görtz have subsequently announced branch closures.

24RHEIN lists which closures are currently under discussion.

Every third branch of Galeria Karstadt Kaufhof is threatened with closure

  • At least a third

    of the current

    131 Galeria Karstadt Kaufhof branches

    are

    to be closed

  • 47 Galeria branches could be

    taken over

    by Buero.de

  • In

    January 2023

    it should be clear which Kaufhof branches will have to close

  • As of December 12, 2022

For the second time in three years, the department store chain Galeria Karstadt Kaufhof is again facing financial bankruptcy.

Therefore, the company has to close dozens of branches again.

According to company boss Miguel Müllenbach, the branch network of 131 department stores is to be “reduced by at least a third”.

This means that over 40 locations are probably affected by closures.

However, it is currently still unclear which ones ultimately belong to them.

However, around 47 Galeria branches could be taken over.

The former Galeria department stores could be continued under the name "Schön hier".

Primark: Two stores are closing for sure - many more could follow

  • Primark in Weiterstadt

    (Gutenbergstrasse in Loop5) – already closed

  • Primark in Berlin

    (Walther-Schreiber-Platz 1 in the Schloss-Straßen-Center) - branch closes on April 30, 2023

  • As of December 12, 2022

Primark currently has 32 branches in Germany, but by 2023 there could be significantly fewer.

It has been clear for some time that two Primark locations will close.

The branch in Weiterstadt near Darmstadt (Hessen) closed at the end of October 2022.

The store in the Schloss-Straßen-Center in Berlin is scheduled to close in spring 2023.

But as it seems, it will probably not stay that way, because sales have fallen massively in recent years: from 926 million euros (2019) to 380 million euros (2021).

Further branch closures at Primark are possible.

Several large shopping brands such as Galeria Karstadt Kaufhof (left), Görtz (middle) and Primark (right) have to close branches.

(IDZRW assembly) © Boris Roessler/dpa & Waldmüller/Imago & Sebastian Gollnow/dpa

"Several branches" of Görtz close - also in Cologne and Düsseldorf

  • Görtz in Cologne

    (Ehrenstrasse 5-7)

  • Görtz in Cologne

    (Trankgasse 11, Cologne Central Station)

  • Görtz in Cologne

    (Aachener Str. 1253, Rhein-Center)

  • Görtz in Dusseldorf

    (Dusseldorf Central Station)

  • And many other Görtz branches in Germany

  • As of December 12, 2022

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The shoe retailer Görtz also recently had to close shops.

"After checking the profitability of the individual locations and intensive discussions with the landlords, Görtz felt compelled to terminate rental contracts," said a company spokesman when asked by 24RHEIN.

It is currently unclear exactly how many branches will close.

According to Görtz, however, the leases in “a number of branches” were terminated at the end of November 2022.

Including locations in Cologne and Düsseldorf.

These will finally close at the end of February 2023.

As Heidelberg24 reports, the Görtz branch in the Darmstädter Hof Centrum (DHC) will then also be closed.

And that's not all: according to the company spokesman, further branch closures cannot be ruled out.

The company operates a total of 160 stores in Germany.

Retail closures – including at Conrad, H&M, Orsay and C&A

  • Conrad Electronic

    : Not only textile but also electronics retailers are affected by site closures.

    Conrad had announced that it would close almost all branches in Germany.

    In mid-December 2022, only the shops in Mannheim, Regensburg, Hürth and Wernberg-Köblitz were still open.

    The latter is to remain in the long term, but as the only market.

    For this, Conrad wants to focus more on its online shop in the future.

  • H&M

    : There have been cuts at the global fashion brand H&M since 2021.

    In 2022 alone, a total of 240 branches around the world were and will be closed.

    However, it is still unclear which German locations are affected.

  • Orsay

    : The German company Orsay closed all 197 stores in June 2022.

    "Stationary retail is largely history," said a company spokesman for 24RHEIN in June 2022.

  • C&A

    : The fashion chain is undergoing major restructuring as a result of the corona pandemic.

    However, some stationary locations also fell victim to this.

    In 2022 alone, C&A closed 13 branches in Germany.

  • Media Markt/Saturn

    : The same applies to the electronics giant Media Markt-Saturn, where 13 branches also closed in 2021 and in 2022, among other things, a branch was closed in Gelsenkirchen.

(os)

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Source: merkur

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