Germany’s federal government has agreed to grant a €460 million loan to Galeria Karstadt Kaufhof (GKK), the big and struggling department store chain owned by Signa Retail, according to the German press agency, DPA. However, the loan is said to be subordinated to a number of yet unspecified conditions. One of them is probably a commitment not to close any more stores. GKK has already shut down several units of the Karstadt Sports chain of sporting goods stores, concentrating on the most profitable ones and trying to avoid cannibalization with those of its recent acquired SportScheck chain. It is hard to get more information on these operations.