All Karstadt Sports articles

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    Analysis: The 10 major European sports retailers online


    The online retail business in the sporting goods sector has been growing stronger and stronger in recent years, and it has been accelerating during and after the first wave of the coronavirus pandemic. New business models and start-ups have disrupted classic sales channels. Players with strong roots in technology, data and innovation have been taking an increasing share of the market, profiting from deep consumer insights and trends. But brand awareness, people, careers and leadership are still playing a strong role in the success of any venture, as many of the examined companies stress on their B2B websites.

  • Article

    Galeria’s creditors agree to a big settlement


    On Sept. 1, the creditors of Galeria Karstadt Kaufhof (Galeria or GKK), by far the biggest department store chain operation in Germany, voted by a large majority in favor of a settlement that would reportedly write off about 95 percent of the amounts they are owed. Meetings with the ...

  • Article

    Two-thirds of Karstadt Sports’ stores face possible closures


    Signa Retail is considering the shutdown of 20 of the 30 branches of the Karstadt Sports chain in Germany as part of a reorganization program intended to pull the chain’s parent company, Galeria Karstadt Kaufhof (Galeria) out of its current insolvency. Signa owns 100 percent of the ...

  • Article

    Karstadt Sports and SportScheck to get closer or divorce


    Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided in principle that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarters of ...

  • News briefs

    Private foundation to make an offer to acquire Karstadt Sports


    According to SAZ , the German trade publication, a private foundation called the Loitz Family has made an offer to acquire Karstadt Sports . Based in Essen, the Loitz Family aims to take charge of Karstadt Sports’ existing 32 stores in Germany, its headquarters in Essen and its 1,500 ...