Discount chain Kiwi will close 11 unprofitable stores in Denmark by the end of March.
”Some newer stores we close, we must unfortunately characterize as failed establishments, “says Brand director of Kiwi, Carsten Hansen.
At the same time the chain is opening about 15 new stores in 2016, including four new stores in Kiwi’s great discount concept.
Carsten Hansen says it is natural to constantly evaluate the store network and trim where it is needed
“The time has run out for some of our locations and facilities. Partly because urban and store development at these sites has changed much since 2008 when we started up in Denmark. Some newer stores we close, we must unfortunately characterize as failed establishmenat. So even if our employees have fought hard all the way, we had to conclude that some shops are located in unprofitable locations,”says Carsten Hansen.
The 11 stores that closes the end of March, is located in Hadsten, Løgten, Varbergvej in Haderslev, Dronninglund, Nørre Lyndelse, Korsor, Århusvej in Randers, Hospitalsvej Nykoebing, Ringstedgade in Naestved, Aabenraa and Skive. At the same time there are ongoing negotiations on the future of another 2-3 unprofitable stores.