Overview
- Company statements to trade press indicate about 50 locations will shut in the first quarter, with roughly 25 in Germany.
- Reports say up to 400 additional European stores are under review, including around 170 in Germany considered at risk, which the company has not confirmed.
- Kik confirms adjusted opening hours at parts of the network to cut personnel costs, with changes also being evaluated in Spain and Portugal.
- Local closures have been named in press reports, including Twistringen on 14 March and a confirmed shutdown in Bad Soden-Salmünster on 18 April, with staff offered transfers to nearby stores.
- The retailer says most outlets remain profitable, new openings are still planned, and network planning is not yet final as revenue holds roughly flat around €2.43 billion.