Overview
- KiK confirmed a company-wide assessment of operations and said unprofitable outlets could close, without specifying where or when.
- Trade reports have cited up to 400 potential closures in Germany, a figure the company has not confirmed.
- The retailer says most locations are profitable and that it still plans selective store openings.
- Management describes a multi-year optimization of the network and pledges to seek redeployment for affected staff.
- Leadership shifts accompany the review, with CEO Patrick Zahn departing and Pepco’s Agnieszka Jaworska set to join as chief buyer in November, as separate reports note talks with landlords.