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Kik: potential closure of 400 stores in Germany?

Textile discounter Kik could be parting ways with a significant portion of its store network in Germany. According to Immobilien Zeitung, the closure of up to 400 of its approximately 2,400 locations in Germany is imminent. This primarily affects stores in unprofitable locations, as reported by the trade publication on Friday. A spokesperson for...

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Business|CRS INTERVIEW

Is the discount retail model sustainable and ethical?

German textiles discounter KiK operates almost 3,700 stores in Europe and generates two billion euros in sales annually. Among the 20,000 articles in its range are the often-criticised 1-euro-t-shirts. Most of the production takes place in Bangladesh. Are a discount model, sustainability and fair production per se mutually exclusive?...

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