✉news BusinessRetail first seen 10 h ago, last 9 h ago, peak #14
German retailer Galeria files for fourth bankruptcy in six years
Original: German retail chain Galeria files for fourth bankruptcy in six years
German department store chain Galeria has filed for insolvency for the fourth time in six years, underscoring the deep crisis in the country's bricks-and-mortar retail sector. The group, which employs thousands of staff across Germany, has repeatedly undergone restructuring and closures since 2019 as it struggles with high costs, weak footfall and online competition.
Why now: The repeated collapse of a major German department store chain signals serious trouble for traditional retail and jobs in Germany.
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