Discontinued department store model? – Discontinued model department store?

Published on: June 24, 2020 / Update from: June 25, 2020 - Author: Konrad Wolfenstein

Galeria Karstadt Kaufhof is closing 62 of 172 branches. According to the company's general works council, 5,317 employees will lose their jobs as a result. a report by manager magazin, 47 cities are affected by the closures. “In Berlin alone, six of the eleven existing department stores are to be closed, four in Hamburg, three in Munich, and two stores in Dortmund, Düsseldorf, Essen and Nuremberg.” Both Galeria and Karstadt look back on over a hundred years of history. For a long time they and other department stores were considered the glittering temples of capitalism. But in the last few decades the attractiveness of the business concept has decreased significantly, as a look at the consumption and media analyzes (VuMA) of the last 20 years shows. While 38.3 percent of those surveyed in the VuMA 2000 said they had shopped at Karstadt in the last six months, 20 years later the figure is only 24.2 percent. While back then only 12.9 percent said they never went to the department store, today the figure is 38.2 percent.

Galeria Karstadt Kaufhof is closing 62 of its 172 stores. According to the company's general works council, 5,317 employees will lose their jobs as a result. According to a report in manager magazin , 47 cities are affected by the closures. “In Berlin alone, six of the eleven existing department stores are to be closed, four in Hamburg, three in Munich, two in Dortmund, Düsseldorf, Essen and Nuremberg.” Both Galeria and Karstadt can look back on a history of over a hundred years. For a long time they and other department stores were considered the glittering temples of capitalism. But in recent decades the attractiveness of the business concept has declined significantly, as a look at the consumption and media analyzes (VuMA) of the last 20 years shows. While 38.3 percent of those surveyed in the VuMA 2000 stated that they had shopped at Karstadt in the last six months, 20 years later the figure is only 24.2 percent. Whereas only 12.9 percent said then that they never go to the department store, today the figure is 38.2 percent.

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