Kik Switches Gear Back – Around 300 Branches Have to Close

Novinky.cz

Lean Left

Factuality

Ownership

German discount chain Kik no longer wants to focus on further expansion, but on profitability. The company, which mainly offers women's, men's and children's clothing and household goods, will therefore close around three hundred branches at home and elsewhere in Europe this year. The company's CEO and CFO Christian Kümmel told the DPA agency. Kik also has over 230 stores in the Czech Republic.

Origo

Right

Factuality

Ownership

By the end of this year, there will be about 225 fewer stores in the chain than are currently operating.

Zeit Online

wiwo.de

View article

saarbruecker-zeitung.de

Center

View article

+2 Reposted by 2 other sources

Lean Left

Factuality

Ownership

Here you will find information on the topic "Retailing". Read now "Discounter Kik closes about 300 branches".

Tagesschau

Center

Factuality

Ownership

The discounter KiK wants to close hundreds of stores all over Europe this year, including in Germany. The chain had expanded massively for a long time - a little bit of it is now taken away. However, there should be no cancellations.

n-tv.de

Lean Right

Factuality

Ownership

The textile dealer Kik wants to become more profitable and correct misjudgements from the past. Closures of branches also affect Germany. However, there should not be any cancellations.

Berliner Morgenpost

Center

Factuality

Ownership

Kik is one of the largest retailers in Germany. The company is now returning to expansion and is leaving numerous locations.