The administrator in the bankruptcy process hopes that fewer than 50 branches will have to close

March 4, 2020 9:12 am Published by

The administrator in the bankruptcy process hopes that fewer than 50 branches will have to close

After the application phase, a jury – consisting of the mayor and representatives of the Mainz music scene and the Rhineland-Palatinate cultural office – will decide on a candidate. He could start his work as early as the spring. If the voluntary pilot project turns out to be a success, a new advertisement for a paid position will follow after the first half of the year.

Sources used: Conversations with the information provided by the city of Mainz in the text

Hope for some branches of Karstadt Kaufhof? The administrator in the bankruptcy process hopes that fewer than 50 branches will have to close. So far there have been more than 60 talk.

These companies are threatened with bankruptcy in the Corona crisis

Photo series with 12 pictures

According to a report, the ailing department store group Galeria Karstadt Kaufhof is still hoping to save more branches from closing. “We’re still talking to a few landlords, and I hope that in the end we will have to close fewer than 50 locations,” quoted the “Spiegel” as quoting the trading company’s administrator, Frank Kebekus.

The plans that have become known so far still provide for the closure of 56 department stores. Originally even 62 stores were supposed to be closed.

Corporate circles: Nothing dry yet

At the same time, however, corporate circles warned against excessive optimism. The German Press Agency learned that nothing was yet dry.

Galeria Karstadt Kaufhof had got into a serious crisis due to the corona-related closure of all branches and had to seek rescue in a protective shield procedure at the beginning of April. In the meantime, insolvency proceedings under self-administration have been opened.

Six branches remain open: Galeria Karstadt Kaufhof closes fewer department stores After takeover: These eight Real stores will have to close in 2021 Many branches will close: This is how expensive the renovation of Galeria Karstadt Kaufhof is

The Essen District Court appointed Kebekus as trustee. The group expects the pandemic and the subsequent economic downturn to lead to a drop in sales of up to 1.4 billion euros by the end of 2022.

There are personnel changes at Wuppertaler SV. The A-youth gets a new coach after Marcel Heinemann left the club at his own request.

The Wuppertaler SV A youth team is getting a new coach. As the “WZ” reports, the 37-year-old David Zajas is supposed to train the youth. The 37-year-old already has a lot of experience – and not just as a trainer.

Zajas was a midfielder at VfL Bochum and also played at SG Wattenscheid 09. In Wattenscheid he was also the team’s assistant coach. Most recently he trained the men of the Bochum Westphalian league TuS Hordel, according to “WZ”.

After the Corona break: Wuppertaler SV is training in small groups again

Zaja’s predecessor Marcel Heinemann left the club in mid-April to work again in the senior sector. He therefore switched to FC Remscheid, where he is now a coach.

Sources used: “WZ”: New WSV-A youth trainer David Zajas brings good references with “transfermarkt”: Profile Marcel Heinemann

More than 100 animals from the children’s animal park in the Frauensee Children’s and Youth Recreation Center (KiEZ) have temporarily found a new home. The park in Heidesee (Dahme-Spreewald), like numerous other zoos, has to close by at least April 19 due to the Corona crisis. By arranging the animals, personnel costs can be saved, said managing director Nora Runneck on Thursday. Until now, ponies, goats and sheep have lived in the park, as have rabbits, guinea pigs and a dozen parakeets and other birds. Many were found in clubs. Most of them should come back to the park as soon as operations can resume. Animal keepers started a call for the placement of the animals on social media and received a lot of feedback very quickly.100 topics According to the information, all animals were placed in less than two days.

The closure of 62 Karstadt and Kaufhof branches will have serious consequences for retailers. The pedestrian zone could follow the end of the department store.

It was bad news with an announcement: The department store group Galeria Karstadt Kaufhof is closing 62 branches nationwide. In some cities like Berlin or Hamburg several locations are affected, around 5,000 employees are threatened with losing their jobs.

62 stores affected: These Karstadt-Kaufhof branches are closing

It didn’t come as a surprise. For years, department stores in Germany, but also in other countries, have recorded falling sales. Again and again, Karstadt and Galeria Kaufhof made headlines with savings plans and announced layoffs. Even the merger of the former competitors did not turn things around.

The department store myth is dying

The model of the temple of consumption has, it seems, become obsolete for more and more customers: the myth of department stores is dying. That alone is tragic enough. But the consequences of the branch closings are even more serious.

Because even if fewer and fewer people have recently left their money in department stores, the majority of customers only entered them to stroll – in many places they are the focal point, a crowd puller, the heart of the city center.

Next, the pedestrian zones will die

If these top dogs, known as “anchors” in the trade jargon, will fall away, even fewer people will see a reason to go “into town” at all. Instead, the number of people doing their shopping on the Internet from the comfort of their sofa will increase.

The end of the German pedestrian zone threatens to follow the end of the department store. Because where a bustling department store becomes a barricaded vacant property, the attractiveness of the city center and with it the number of passers-by, the density of walk-in customers decreases.

The inner cities are becoming emptier – and sadder

This in turn has serious consequences for the stationary retailers in the vicinity of the 62 affected Karstadt-Kaufhof branches. For many of them it is all about survival now. Even more than ever, in the future they will have to generate enough revenue with falling customer numbers to be able to pay the commercial rents, which have often risen recently.

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Their need is intensified by the Corona crisis. This year, many retailers will hardly recover from the lost sales from the lockdown weeks – despite the VAT cut. With the end of the exemption in insolvency law from October, retail is threatened with bankruptcy autumn.

The end of the Karstadt-Kaufhof branches is thus possibly just the beginning of the end of many small and medium-sized cities. Where there is no department store, there are no shops, there are no cafes, street musicians – no people. Germany’s inner cities are becoming emptier. And sadder.

The south and the cities are expensive, the east and west still affordable for many. Germany is divided when it comes to renting. The same applies everywhere: Millions of people no longer keep up.

According to a study, average apartments are hardly affordable for households on the poverty line and many single parents. You are dependent on living space below the market rents, said city researcher Andrej Holm on Thursday in Berlin. This means that the public sector must intervene more. “Because: Which private investor should offer apartments at below-average prices?” Asked Holm.

The former Berlin State Secretary evaluated the rent index data for the past five years on behalf of the left-wing parliamentary group and thus examined rents in more than 300 German cities. On average, the existing rents rose nationwide by 11.4 percent in the period. Another conclusion: how much you have to pay depends a lot on where you live.

WHERE TO LIVE EXPENSIVE – AND WHERE IT IS CHEAP: Among the 305 cities evaluated, living in Munich is particularly expensive with an average existing rent (cold) of 10.45 euros per square meter. Apartments in Warstein, North Rhine-Westphalia, were rented at a particularly low price at EUR 4.64 per square meter. Cities in Baden-Württemberg and Bavaria tend to be expensive, while North Rhine-Westphalia and cities in Eastern Germany, among others, are cheaper.

RENT BY AGE OF THE APARTMENT: Holm evaluated eight building age classes for the study – that is, examined the rental prices for buildings that were completed up to 1905, 1925, 1955, 1965, 1975, 1985, 1995 and from 2005. Tenants therefore live the cheapest on average in buildings erected around 1925, most expensive in new buildings. The rent of the most expensive age class was 43 percent higher than the cheapest.

RENTS AND WAGES: By and large, incomes have been able to keep pace with rising rents in recent years. According to the study, existing rents grew by 11.4 percent between 2013 and 2018. Net wages grew by 13.3 percent over the same period. Only in 2017 did rents climb faster than wages. However, says Holm, lower income groups benefited less from the wage increases – their rents went up anyway.

AFFORDABLE OR NOT: How much can an apartment cost so that someone with a normal income can afford it? A burden of 30 percent of net income is considered acceptable – a value that many landlords do not want to see exceeded. According to the study, last year a warm rent of 844 euros would have been acceptable for childless couples and 731 euros for single parents with a child. Holm uses the median income as a benchmark, i.e. the value at which there are just as many people who earn more than people who earn less.

Dispute over the “rent cap”: Berlin calls for a quick rent increase outraged

For average wage earners, a 65 square meter apartment with medium equipment is affordable for the average price in both categories (childless couples and single parents) – at least on the national average. In large cities like Munich, Stuttgart, Frankfurt and Hamburg, and sometimes also Düsseldorf, Berlin or Cologne, on the other hand, things look different.

According to the study, however, those who are at risk of poverty, i.e. only receive 60 percent of the median income, have problems: On a nationwide average, these people can no longer afford an apartment at average prices. What is not taken into account, however, is the fact that average incomes fluctuate greatly depending on the region – i.e. that in the south, for example, where living is more expensive, people earn more on average.

Due to housing shortage: Greens demand upper rent limit Rent explosion: Berlin discusses expropriation of major investors Study: Population in the east at its lowest level since 1905

WHAT TO DO? The left faction demands an immediate rent cap. “We need a nationwide rent freeze for the next five years, as Berlin is about to introduce,” said parliamentary group vice-president Caren Lay. Rent increases without prior modernization should be limited to a maximum of two percent per year. Rent policy must focus on low-wage earners and the average wage earner in the big cities – and not on the high earners in the country. The rent expert of the Union, Jan-Marco Luczak, however, criticized: “A rent cap is a hypocritical class war against small private landlords.” The landlords, of all people, who have recently held back with rent increases and have a good relationship with their tenants, would be punished.

Since the end of last week it has been certain: 62 Galeria Karstadt Kaufhof department stores will close. The remaining branches are to be saved: with several hundred million euros.

These companies are threatened with bankruptcy in the Corona crisis

Photo series with 12 pictures

The Austrian parent company Signa plans to take 366 million euros into its own hands for the restructuring of the ailing department store group Galeria Karstadt Kaufhof. A Signa spokesman confirmed the restructuring contribution to the German press agency on Friday. 

“Wirtschaftswoche” reported on it first. 200 million euros alone are to be paid as a rent subsidy.

Many branches affected: These Karstadt and Kaufhof stores are now closing department store chains in the crisis: Karstadt Sports is also closing branches – hundreds of jobs affected Karstadt-Kaufhof-Aus: It is tearing the heart out of Germany’s inner cities

In view of the slump in sales due to the Corona crisis, the retail group had to seek rescue in protective shield proceedings at the beginning of April. The department store group Galeria Karstadt Kaufhof wants to close 62 branches, as well as 20 branches of Karstadt Sports.

No question about it: children can be loud. Neighbors sometimes suffer from this noise. But they don’t have to endure everything. Because, according to the Federal Court of Justice, there are limits. This also applies to the evidence. A noise log is not necessary in every case.

Noise in an apartment building can be a nuisance. If the noise exceeds certain limits, tenants do not necessarily have to draw up a noise report. That was decided by the Federal Court of Justice (BGH) in Karlsruhe (Az .: VIII ZR 226/16), as reported by the magazine “NJW-Spezial” (issue 23, 2017). In such a case, it can be sufficient if the tenant basically describes the type of impairment involved and at what times of the day, over what length of time and at what frequency they occur.

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