Kik Switches Gear Back – Around 300 Branches Have to Close
46 Articles
46 Articles
By the end of this year, there will be about 225 fewer stores in the chain than are currently operating.
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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.
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.
Kik is one of the largest retailers in Germany. The company is now returning to expansion and is leaving numerous locations.
KiK reduces its branch network in Europe to increase profitability. Around 300 locations are affected, including branches in Austria.
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