Overview
- Clearance sales began on October 30 under the “Alles muss raus” slogan as the wind-down starts.
- The Mainz, Koblenz and Wiesbaden branches are slated to close by December 31, 2025 following the announcement.
- The Aachen store will continue operations from 2026 under new ownership after a takeover was arranged.
- About 115 jobs are affected, including roughly 75 permanent and 40 temporary positions, with a social plan agreed for staff.
- CEO Oliver Listmann, 64, said sale efforts failed partly because an 85,000-item assortment deterred buyers, alongside rising costs and changing customer habits.