While threatening to close about one-third of its department stores, 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 to centralize the logistics for its sporting goods segment, using some extra capacities at its distribution centers in Unna and Essen, while closing down another warehouse in Cologne by the end of 2021, according to a report on a German TV channel, WDR. The move, which would affect about 360 employees, apparently follows the acquisition last December of the SportScheck chain by Galeria, which also manages the Karstadt Sports chain. A couple of weeks ago, it was announced that the German retail group’s logistics center in Frechen would be closed down as well as part of a reorganization process. Galeria recently obtained protection from its creditors. The company is reportedly projecting a €1 billion loss in its annual turnover because of the coronavirus epidemic. By the end of 2022, the drop could amount to around €1.4 billion, as the company doesn’t expect customers to shop again at its stores like before. It also does not expect that customers will shop again next year as they did before.