Galeria is reviewing 33 of its 83 Galeria Warenhaus locations for profitability and could close them if no viable solutions are found, with ongoing negotiations with landlords on rents and space adjustments.

The company is pursuing sustainable profitability across its stores and is examining closures as well as relocations to smaller or more suitable premises, or new openings where feasible.

The looming store reviews have sparked emotional reactions among the public, including past demonstrations for the Rotkreuzplatz site, with support from residents and politicians.

The plan follows earlier closures in summer 2024 and is part of a broader restructuring under NRDC and Beetz, without a fixed timeline for final decisions.

At present, it remains unclear when final decisions will be made; each store is being evaluated individually and without predetermined outcomes.

The report is carried by WELT and falls under its copyright.

Braunschweig store’s status shifted from optimism at the end of June to being under review as part of a broader cost-control effort.

Conversations with landlords are also underway at all other locations to identify optimization opportunities and potentially consider relocations or new openings.

On the employment side, the company still employs around 12,000 people; several bankruptcies and store closures since 2020 have reduced the footprint, with Verdi warning again about jobs.

The aim of the negotiations is to reduce costs and adapt to current market conditions.

In Munich, close coordination with the owner OFB is planned because Rotkreuzplatz could see a new build that integrates retail, office space, and possibly a hotel.

The Rotkreuzplatz store remains open for now; ongoing negotiations will determine under what terms the site can be retained long-term.