Many MediaMarkt and Saturn branches are as a result of shut sooner than anticipated. A complete of 13 branches of the 2 electronics homes are as a result of shut this 12 months – along with these whose finish has already been determined. For the longer term, the group is banking on a classy retailer idea.
In lots of pedestrian areas, a unique picture is prone to emerge quickly: Media-Saturn, the group behind the 2 electronics chains MediaMarkt and Saturn, desires a few of its branches are already closing this 12 months.
Primarily Saturn branches ought to shut
This Out impacts 13 branches, primarily small branches of Saturn can be victims of the crimson pen (Supply: Lebensmittelzeitung through T-line). In any case, the chain is just represented in Germany and Luxembourg. All over the place else in Europe, Media-Saturn depends on MediaMarkt because the main determine for native retailers.
It has lengthy been identified that Media-Saturn desires to shut 13 branches. In accordance with the preliminary plan, the exercise ought to proceed till the autumn of 2022. The closure is now not simply superior – branches that at the moment are on the verge of being closed also needs to shut. Overlaps, it’s mentioned, exist solely in particular circumstances. It isn’t identified which markets are particularly affected by the brand new austerity measures. The 13 branches which might be anticipated to shut based on the preliminary plan embody:
- Meals grade metal
It isn’t identified which branches can even have to shut. It also needs to rely upon the willingness of the homeowners of the business area to supply substantial reductions on lease. Apparently Media-Saturn is meant to open Get pleasure from a reduction of as much as 50%.
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New retailer idea for MediaMarkt and Saturn
We knew prematurely how the group wished to place itself for the longer term. A brand new retailer idea has been developed for this objective: all greater than 1000 branches in Europe are to be transformed based on 4 plans, which bear the names of Core, Sensible, Xpress and Lighthouse and relying on the placement. handle completely different audiences.