Overview
- A local court in Nordhorn formally opened insolvency procedures for Der Stoff’s operating companies on 1 October, with management remaining in place under self-administration.
- Three additional stores are slated to shut—two at the end of November and a third at the end of December—resulting in 11 layoffs at those locations.
- Earlier closures in Hamburg and Dinslaken took effect in early October, and the Wilhelmshaven site is set to shut in mid‑October for staffing reasons.
- Clearance actions have begun at select sites, including discounts of up to 70 percent in Dinslaken and a partial liquidation sale in Wilhelmshaven.
- In a parallel case, Dortmund-based Store Concept—known for the Heimatliebe label supplying 400+ retailers—entered formal insolvency on 29 September, with reporting citing pandemic losses and lasting shifts in consumer behavior; industry leaders urge tighter rules on low-cost non‑EU online sellers.