Overview
- The plan closes about 50 European stores in the first quarter of 2026, including 25 in Germany, with no site list released.
- The company also plans nine openings, including one in Germany, and says it will generally offer redeployment to affected staff.
- KiK cites inflation, tougher competition, weaker demand and intermittent supply issues as reasons for a portfolio cleanup.
- Trade press reports suggest up to roughly 400 European locations are under closer review, including about 170 in Germany.
- Management is considering shorter opening hours to cut personnel costs, potentially affecting stores in countries such as Spain and Portugal.