Overview

• The company said the scope and timing of any closures remain undecided.
• Kik operates about 4,200 stores across 14 European countries and employs roughly 32,000 people, including around 19,000 in Germany.
• Most outlets are profitable, and the retailer still plans selective openings as it optimizes its network.
• Staff affected by potential closures would be offered continued employment through reassignments.
• The update, issued to DPA after reports of triple-digit cuts and the exit of longtime CEO Patrick Zahn, reflects the latest official position.