Overview
- The Berlin-Spandau branch confirmed it will close after nearly 60 years at Stresow, with no final date and its stock now being cleared.
- Clearance sales are running at the remaining stores, with the company saying it is liquidating “millions” in inventory.
- One site in Fürth has already shut, while locations in Berlin, Bremen, Frankfurt, Kirchheim-Heimstetten near Munich, and Hannover’s Sofaloft remain open during the sell-off.
- About 300 employees are affected nationwide, according to local reporting from Weserkurier and others.
- CEO Tina Flamme said the family-owned retailer is pursuing an orderly wind-down due to a mix of economic, regulatory, political plus personal pressures.