Spiegel Wirtschaft1 hour agoBusiness1 min readGermany

Retail expert Kortum on another department store bankruptcy: "Galeria is neither attractive in terms of prices nor in terms of product range"

Quick Look

The department store group Galeria has gone bankrupt for the fourth time.
Retail expert Carsten Kortum criticizes the company's lack of price and product range profile, but still sees potential in the department store concept despite repeated changes of ownership and structural problems.

AI-generated summary

Why It Matters

Galeria has gone bankrupt for the fourth time. The department store group has been struggling for years with competitive pressure from e-commerce and changing consumer habits.

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This printable was created on October 3, 2026 and is licensed for personal use only.

Other uses violate copyright

Retail expert Kortum on another department store bankruptcy “Galeria is neither attractive in terms of prices nor in terms of product range”

The Galeria department store group has gone bankrupt for the fourth time. Retail expert Carsten Kortum about too many owners, too little profile - and why he still believes in the department store concept.

An interview by Alexander Preker

October 3, 2026, 8:16 a.m

What to Watch

AI outlook — possibilities, not facts

Galeria will scale down structurally and concentrate on profitable locations.
Likely · Within months

Open Questions

What specific steps does the insolvency administrator plan to take?
How many jobs are at risk?
Will there be a buyer for the brand?

Retail expert Kortum on another department store bankruptcy: "Galeria is neither attractive in terms of prices nor in terms of product range"

Quick Look

The department store group Galeria has gone bankrupt for the fourth time.
Retail expert Carsten Kortum criticizes the company's lack of price and product range profile, but still sees potential in the department store concept despite repeated changes of ownership and structural problems.

AI-generated summary

Why It Matters

Galeria has gone bankrupt for the fourth time. The department store group has been struggling for years with competitive pressure from e-commerce and changing consumer habits.

Font size

This printable was created on October 3, 2026 and is licensed for personal use only.

Other uses violate copyright

Retail expert Kortum on another department store bankruptcy “Galeria is neither attractive in terms of prices nor in terms of product range”

An interview by Alexander Preker

October 3, 2026, 8:16 a.m

What to Watch

AI outlook — possibilities, not facts

Galeria will scale down structurally and concentrate on profitable locations.
Likely · Within months

Open Questions

What specific steps does the insolvency administrator plan to take?
How many jobs are at risk?
Will there be a buyer for the brand?

Retail expert Kortum on another department store bankruptcy: "Galeria is neither attractive in terms of prices nor in terms of product range"

Quick Look

Why It Matters

What to Watch

Open Questions

Related Topics

Retail expert Kortum on another department store bankruptcy: "Galeria is neither attractive in terms of prices nor in terms of product range"

Quick Look

Why It Matters

What to Watch

Open Questions

Related Topics

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