Galeria Karstadt Kaufhof: Official List - These stores will be closed

The retail giant Galeria Karstadt Kaufhof wants to close more than 50 locations.

Now the official cross-off list is here.

Which locations the group wants to close.

Essen - Germany's last major department store group, Galeria Karstadt Kaufhof, wants to close 52 of the remaining 129 department stores, according to the general works council.

This was announced by the company's employee representatives on Monday.

"All in all, well over 5,000 employees will lose their jobs," reported the employee representatives.

"This is a pitch-black day," emphasized the works council.

The official cross-off list is now available.

According to the plans, the affected department stores are to be closed in two waves.

Galeria Karstadt Kaufhof - These 21 locations will be closed on June 30, 2023

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Galeria Karstadt Kaufhof: The department store chain wants to close almost half of its remaining locations.

© Imago/Michael Gstettenbauer

• Celle

• coburg

• cottbus

• Duisburg Düsseldorfer Strasse

• gain

• Gelsenkirchen

• hagen

• Hamburg-Harburg

• Hamburg-Wandsbek

• Leipzig Neumarkt

• Leverkusen

• Munich train station

• Neuss

• Nuremberg Koenigstrasse

• Nuremberg-Langwasser

• Offenbach

• Paderborn

• Regensburg Neupfarr Square

• Saarbrücken at the train station

• wins

• Wiesbaden Kirchgasse

A further 31 locations are then to be closed by January 31, 2024

• Bayreuth

• Berlin-Charlottenburg

• Berlin-Müllerstrasse

• Bielefeld

• Brunswick

• Bremen

• Darmstadt at the white tower

• Dortmund

• Düsseldorf Schadowstrasse

• Eat

• esslingen

• Frankfurt Zeil

• Hanau

• Heidelberg Bismarck Square

• Hildesheim

• Kempten

• Krefeld

• Leonberg

• Limburg

• Luebeck

• Moenchengladbach

• Oldenburg

• Pforzheim

• Reutlingen

• Rosenheim

• Rostock

• Schweinfurt

• Siegburg

• Stuttgart-Eberhard-Strasse

• Viernheim-RNZ

• Wuppertal.

Galeria Karstadt Kaufhof: Hoping for the protective shield procedure

Germany's last remaining department store group had to seek rescue in protective shield insolvency proceedings for the second time in less than three years at the end of October.

At the time, CEO Miguel Müllenbach cited exploding energy prices and the slump in consumption in Germany as the reason for the company's threatening situation.

Müllenbach left no doubt that the renewed restructuring would involve significant cuts in the branch network and significant job cuts.

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It is already the second attempt to economically stabilize the retail giant through a protective shield procedure and the associated haircut.

A first attempt in 2020 during the first corona lockdown had only brought temporary relief to the company, despite the closure of around 40 branches, the loss of around 4,000 jobs and the cancellation of more than two billion euros in debt.

In early 2021 and early 2022, the shrunken retail giant had to ask for government support in view of the pandemic.

Overall, the Economic Stabilization Fund (WSF) helped the traditional company in two aid campaigns with 680 million euros - without success.

Galeria Karstadt Kaufhof: renovation experts confident

The Galeria general representative Arndt Geiwitz, who had already accompanied the first protective shield procedure as a restructuring expert, was recently confident that thanks to the second protective shield procedure there could still be a perspective for the department store group.

He was "convinced that the Galeria department stores have a future, even if not in their current form," emphasized the renovator in an interview.

However, the retail giant would have to become smaller and more decentralized for this.

Galeria will hopefully make a profit again "in three calendar years".

Before that, further losses were certainly incurred due to the restructuring costs, for example for conversions.

List of rubrics: © Imago/Michael Gstettenbauer