Following the insolvency filing of the discounter Pepco’s German subsidiary in July, the restructuring plan for Pepco Germany GmbH was presented on Tuesday. The plan involves significant cuts to its store network.
Pepco Germany to close 28 stores
In recent weeks, the management has undertaken “an extensive analysis of the store network in Germany and the economic prospects of each individual store”, the company explained in a statement. Thirty-six of the previous 64 stores were “assessed as promising”.
The remaining 28 stores will now be closed “due to a lack of economic prospects by the end of January 2026, following the completion of the usual clearance sales”. The administration in Berlin will also be “streamlined”….