Even if Migros wants to sell Globus, that does not mean that department stores have no future. There are enough international

examples. But the business is tough.

Has the classic department store become obsolete soon? Do you have to worry about the future of Globus, Jelmoli, Manor or Loeb? Since the announcement of the Migros Group at the end of last week to sell their Globus department store business, this question should be in Switzerland in some minds.

Of course there is no general yes or no answer. It is clear that the department store business, like the entire stationary retail trade, has become much more sophisticated. Sales are shrinking, and even more so than other store formats.

READ THE REST OF THE ARTICLE