The five biggest construction sites of the renovator

Karstadt logo behind a construction site in Munich

The department store group is facing another major renovation, many stores are to be closed.

(Photo: dpa)

Dusseldorf Galeria boss Miguel Müllenbach prepared the workforce for a drastic reduction in branches on the very day the department store group applied for the protective shielding procedure at the Essen district court. At least a third of the locations must be closed, said Müllenbach.

Since then, the public has only discussed one question with regard to Galeria: Which locations are affected?

However, business experts do not consider this to be expedient. “It’s unspeakable that people only talk about the number of branches instead of tackling the root of the problem in a solution-oriented manner,” complains Galeria supervisory board member Orhan Akman. “Galeria’s problems cannot be solved by reducing the branch network.”

An analysis shows that the problems are deeper than management claims – and homemade. They go far beyond the current reluctance to buy and rising energy costs. So downsizing is not a solution for Galeria.

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