Kaufhof trims store Portfolio
News
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May 2016
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Galeria Kaufhof has announced further store closures: Berlin's Ostbahnhof will close in June 2017. The performance of the ex-Centrum has been apparently unsuccessful for some time. The group's Lust for Life concept in Aachen will also close in 2017. The "trend shop" concept will be continued in the existing store in Adalbertstrasse. Since 2010, the store portfolio of Galeria Kaufhof has been reduced by 12 stores. The owners of Kaufhof, Hudson's Bay of Canada, have extended the contracts of CEO Olivier van den Bossche and purchasing and marketing director Edo Beukema until April 2019.
