Business

Hundreds of stores will disappear from Germany. A well-known chain lost to e-commerce


According to the German website Merkur.de, the company will close up to 300 stores, admitting that the current strategy of rapid expansion has not brought the expected results.

The rest of the text below the video

Read also: The labor market in Poland is becoming more and more difficult. This will affect unemployment

Hundreds of closures by 2026

By the end of 2026, the number of KiK stores is expected to decrease by approximately 225 – to just over 4,000. branches. In Germany alone, approximately 135 stores will disappear, which means the network will be reduced to approximately 2,200. points.

In total, approximately 300 stores are planned to be closed in Europe, while opening 75 new locations.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button