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C&A, Primark, Görtz and Galeria Karstadt Kaufhof: Numerous branches are closing - details in the overview

2023-01-12T13:08:09.855Z


C&A, Primark, Görtz and Galeria Karstadt Kaufhof: Numerous branches are closing - details in the overview Created: 01/12/2023, 13:50 By: Stella Henrich Now the big chains like C&A, Primark, Görtz and Galeria Karstadt Kaufhof are also affected. More and more retailers are closing their branches. This is not without consequences for many German inner cities. Munich – It is not possible to say in


C&A, Primark, Görtz and Galeria Karstadt Kaufhof: Numerous branches are closing - details in the overview

Created: 01/12/2023, 13:50

By: Stella Henrich

Now the big chains like C&A, Primark, Görtz and Galeria Karstadt Kaufhof are also affected.

More and more retailers are closing their branches.

This is not without consequences for many German inner cities.

Munich – It is not possible to say in general terms whether consumers will save.

But in retail, falling consumer demand appears to be the case and is now making itself felt.

Several large chains such as C&A, Galeria Karstadt Kaufhof, Primark and Görtz have announced branch closures.

This is reported by 24

Rhein.de

from IPPEN.MEDIA.

Apparently, the trend towards online shopping, the consequences of the corona pandemic and the energy crisis have dealt many retailers of established brands a severe blow.

About IPPEN.MEDIA

The IPPEN.MEDIA network is one of the largest online publishers in Germany.

At the locations in Berlin, Hamburg/Bremen, Munich, Cologne, Frankfurt, Stuttgart and Vienna, journalists from our central editorial office research and publish for more than 50 news offers.

These include brands such as Merkur.de, FR.de and BuzzFeed Germany.

Our news, interviews, analyzes and comments reach more than 5 million people in Germany every day.

On January 11, the Federal Statistical Office in Wiesbaden announced that more and more companies were filing for bankruptcy.

The number of bankruptcies in October 2022 increased by 17.9 percent compared to the same period last year.

Most insolvencies were in the construction industry (+30.1 percent).

This is followed by trading at +28.8 percent.

The consequences of the branch closures in retail should therefore also be felt in many cities and inner cities.

The best example: Galeria Karstadt Kaufhof wants to close 90 of the current 131 branches, 40 are already very likely according to company boss Miguel Müllenbach, according to 24

Rhein.de

.

47 Galeria branches

should

 no longer be

taken over 

 by Buero.de 

.

The online retailer has since withdrawn its offer.

It is not yet known which locations are specifically affected by the closures.

A decision is expected to be made later this month.

Employees demonstrate for the preservation of the Galeria Kaufhof branch in Speyer.

© UJ Alexander/imago

Wave of bankruptcies in retail - top dogs like C&A and Primark are not spared and close branches

There is similar bad news from fashion retailer C&A.

The company has over 400 locations in Germany, 100 of them in North Rhine-Westphalia.

Closures in Kiel, Rendsburg and Elmshorn should be specific.

It is still unclear whether more will be added.

The lights went out at 13 C&A branches last year.

Now the discount fashion retailer Primark is just around the corner with gloomy prospects.

Two of the 32 branches are closing safely.

Including Primark in Weiterstadt and in Berlin.

The branch in Weiterstadt near Darmstadt in Hesse closed at the end of October 2022.

Other closures are also possible.

The fashion retailer is said to have completely overslept online trading and is struggling with dramatic sales losses.

The announced branch closures of large retail chains not only have an impact on the diverse range of goods for customers, but also on the face of city centers when large properties in city centers become vacant.

Another case of insolvency: The Hamburg shoe retailer Görtz with its more than 160 branches in top locations in Germany and Austria.

He's broke too.

The main reason given by the retailer on its website is customer reluctance to buy.

According to

t-online , Cologne remains

only one branch out of five left.

In Bremen, all three shops are closing and in Hamburg, Flensburg, Ahrensburg, Braunschweig, Dortmund, Lüdenscheid and Regensburg one branch is said to be on the verge of closure.

A social plan for the employees is being worked on.

Further closures are not excluded.

Wave of bankruptcies in retail - Adler, Esprit, Hallhuber, H&M, Orsay and Pimkie are thinning out their branch networks or disappearing altogether

But apparently the wave of bankruptcies is not leaving online retailers unaffected.

A Munich online sporting goods manufacturer is currently undergoing restructuring.

At Adler, Esprit, Hallhuber and H&M there have already been insolvencies and closures in previous years, some of which had fled under the government's rescue package.

In 2021, Media Markt/Saturn closed 13 branches, the electronics retailer Conrad largely said goodbye to its branches and is now increasingly focusing on its online shop.

According to

24rhein.de

, Orsay has now closed all 197 branches in this country.

Meanwhile, H&M is reducing the sales area of ​​branches or closing unprofitable branches entirely.

And the fashion chain Pimkie is now history in many inner cities.

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Source: merkur

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