Galeria Kaufhof closes in Frankfurt and Gera
Galeria Kaufhof is closing its stores in the “Elster Forum” on Museumsplatz in Gera (Thuringia) and in Frankfurt’s “Nordwest-Zentrum” (Rosa-Luxemburg-Straße). The company will not be extending its leases for the 7,500 sqm and 10,000 sqm stores due to lack of profitability, according to a release. In Gera, the contract will expire in September 2018, in Frankfurt one year later. The parent company Hudson’s Bay Company (HBC), however, is continuing to expand in Europe, “with Galeria Kaufhof as a core component”. In Germany, five stores of the HBC concept Saks Off 5th will be opening this year.
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