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Galeria Karstadt Kaufhof to Close 16 of its 92 Department Stores

Each Remaining Store Needs To Become Profitable in Foreseeable Future
A  Galeria Karstadt Kaufhof store in Cologne, Germany, where the company is closing one of its three stores.  (NurPhoto via Getty Images)
A Galeria Karstadt Kaufhof store in Cologne, Germany, where the company is closing one of its three stores. (NurPhoto via Getty Images)

Galeria Karstadt Kaufhof is closing 16 out of its 92 department stores as of 31 August.

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