Overview
- The Fürth outlet has begun a clearance sale, with local reports pointing to a closure by the end of March.
- Closure dates for the remaining sites in Bremen, Berlin, Frankfurt, Munich and Hannover have not been set.
- About 300 employees are affected as the third-generation retailer prepares to exit after nearly a century in business.
- Management cites economic pressures, regulatory and political factors, and increasing market concentration as reasons for the exit.
- Hannover’s Sofa Loft will shut as well, ending a location that also served as a cultural and events venue.