German retail insolvencies hit highest level since 2016

NAMPA / DPA
2025-12-04
Berlin (dpa) - Insolvencies in Germany's retail sector reached their highest level since October 2016, credit insurer Allianz Trade said, recording 2,490 cases between August 2024 and August 2025. Recent casualties included shoe retailer Görtz, fashion brand Gerry Weber and menswear chain Wormland. Fashion chain Esprit closed all stores this year due to insolvency, while home décor retailer Depot and discounter Kodi significantly reduced their b......
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