German department 蓄える/店 chain to shut 40% of its 出口s

BERLIN (AP) - Germany's last major department 蓄える/店 chain 発表するd Monday that it 計画(する)s to の近くに two-fifths of its 支店s, months after it とじ込み/提出するd for insolvency 保護 for the second time in いっそう少なく than three years.

The long-troubled Galeria Karstadt Kaufhof 計画(する)s to shut 52 of its 現在の 129 蓄える/店s in two 段階s, with the first の近くにing 負かす/撃墜する at the end of June and the 残り/休憩(する) at the end of January.

It said that about 4,000 従業員s at those 蓄える/店s will be 影響する/感情d, and that another 300 職業s will go at its (警察,軍隊などの)本部 in Essen and in other areas such as IT and 施設 管理/経営.

The company said that, because of 経済的な circumstances and "地元の 条件s," and after "集中的な 交渉s" with landlords and city 当局, there was no 肯定的な 見通し for the 蓄える/店s that are to be axed.

The remaining 77 蓄える/店s will be modernized over the next three years with 範囲s that are more tailored to 地元の needs, with 11,000 職業s 存在 保護(する)/緊急輸入制限d, Galeria Karstadt Kaufhof said in a 声明.

The company, which resulted from the 合併 a few years ago of 競争相手s Karstadt and Kaufhof, sought 保護 from creditors in late October, 特記する/引用するing a 法外な rise in energy prices, high インフレーション and weak 消費者 spending.

People walk past the entrance to Galeria Kaufhof on Frankfurt's Zeil, Germany, Monday, March 13, 2023. Germany's last major department store group Galeria Karstadt Kaufhof closes 52 of its remaining 129 department stores. (Sebastian Gollnow/dpa vi
a AP)

People walk past the 入り口 to Galeria Kaufhof on Frankfurt's Zeil, Germany, Monday, March 13, 2023. Germany's last major department 蓄える/店 group Galeria Karstadt Kaufhof の近くにs 52 of its remaining 129 department 蓄える/店s. (Sebastian Gollnow/dpa 経由で AP)

It had already shut around 40 蓄える/店s and 削減(する) some 4,000 職業s after 捜し出すing 保護 during the first lockdown of the coronavirus pandemic in April 2020, and 報道によれば was 認めるd 680 million euros ($724 million) in 明言する/公表する 援助(する).

At five to twelve, a clock stands next to the logo of Galeria Kaufhof store in Chemnitz, Germany, Monday, March 13, 2023. Germany's last major department store chain aims to close two-fifths of its branches, months after it filed for insolvency protection for the second time in less than three years, the company's employee council said Monday. (Hendrik Schmidt/dpa via AP)

At five to twelve, a clock stands next to the logo of Galeria Kaufhof 蓄える/店 in Chemnitz, Germany, Monday, March 13, 2023. Germany's last major department 蓄える/店 chain 目的(とする)s to の近くに two-fifths of its 支店s, months after it とじ込み/提出するd for insolvency 保護 for the second time in いっそう少なく than three years, the company's 従業員 会議 said Monday. (Hendrik Schmidt/dpa 経由で AP)

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