All Galeria Karstadt Kaufhof articles
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News briefs
KaDeWe Group files for insolvency
Berlin’s department store KaDeWe, which opened in 1907, has filed for insolvency. The KaDeWe Group also includes the luxury department stores Alsterhaus in Hamburg and Oberpollinger in Munich, which would, therefore, also be affected by the proceedings. The company announced that the stores would, however, continue to operate. “Exorbitantly high ...
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News briefs
Galeria Karstadt Kaufhof to close 52 stores
Galeria Karstadt Kaufhof, the troubled chain of German department stores, will close 52 of its 129 stores, putting at risk about 4,000 jobs at the points of sales and some 300 at its headquarters in Essen. A first batch of closures is scheduled on June 30, 2023, and another on ...
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Article
ANWR, GKK promote a German buy-local campaign
While physical stores are still open in Germany, with some restrictions imposed by the Covid-19 pandemic, statistics show that customer traffic has declined dramatically in city centers, threatening the survival of many retailers. As in the U.K. and other countries, many customers are preferring to order products online for the ...
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News briefs
Galeria's CEO Stephan Fanderl is expected to leave
Stephan Fanderl is said to be leaving the position of chief executive of Galeria Karstadt Kaufhof ( Galeria ), the holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores. He has suggested a consensual separation to the Austrian-based Signa ...