Kik Plans Drastic Measures with up to 400 Branch Closures

focus.de

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The textile discounter Kik is currently reviewing up to 400 branch closures. At the same time, the long-standing managing director also announces his resignation.

Pénzcentrum

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The German textile discount chain is trying to improve its competitiveness by closing loss-making stores, but at the same time it promises to keep employees employed in other units.

www.kleinezeitung.at

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It is still unclear how many or where branches could be closed. KiK has around 4200 branches in 14 countries in Europe and more than 220 locations in Austria.

der Standard DE

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How many and which of the altogether 4200 branches in 14 countries of Europe are closed is still unclear. According to a media report, also in Austria closures are possible

nachrichten.at

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B NEN / VIENNA. The German textile discounter KiK wants to increase its competitiveness and also close unprofitable branches.

manager magazin

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Following the surprise resignation of long-time KiK CEO Patrick Zahn, the textile discounter is facing restructuring. This could also affect some stores.