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Pepco Germany to Close 28 Stores, Keep 36, Cut 165 Jobs in Insolvency Overhaul

The court-supervised plan aims to restore profitability by exiting unviable sites.

Overview

  • Closures are scheduled by the end of January 2026 following clearance sales at the affected locations.
  • Thirty-six stores were assessed as promising and will continue operating, with local reports citing Oberhausen and Stuttgart’s Milaneo as staying open.
  • About 165 of roughly 500 employees will be dismissed, including reductions in the Berlin administration.
  • Pepco Germany has been in a Schutzschirmverfahren since July after reporting operational losses and structural problems across its network.
  • Turnaround lead Christian Stoffler says the reorganisation targets sustainable profitability as the discounter contends with expanding rivals Action and Tedi.