Home » today » Business » Runners Point shoe chain has to close branches – debt is probably a classic trade problem

Runners Point shoe chain has to close branches – debt is probably a classic trade problem

Suddenly the running shoe chain “Runners Point” comes to an end. Political outrage is great, according to an economist, the suspected reasons for the withdrawal are obvious.

  • “Runners Point” has been selling running shoes and sportswear for more than 35 years.
  • Now all branches in Germany, Austria and Switzerland are closed at the behest of the parent company “Foot Locker”.
  • An economist suspects a classic reason for the closings.
  • In any case, the global economy is in turmoil: the UN and the EU Commission recently described the corona consequences in drastic terms.

Update from May 23, 4.15 p.m .: The Closure plans the chain Runners Point had become known at the beginning of the week. The mother Foot Locker gave no specific reasons for the decision, but spoke about the German market from a previous “assessment of our business and the competitive landscape over the past twelve months”.

According to trade expert Thomas Roeb (Bonn-Rhein-Sieg University of Applied Sciences), Runners Point is because strong online competition not been profitable enough – and therefore sorted out now. “There is not so much demand for service in the stores that it means that the service is worth something to people and that they pay more.” According to the economist, Runners Point’s business had to be way ahead of the Corona -Crisis * wobbled.

For all branches: “Runners Point” closes its doors.

© dpa / Jens Wolf

Runners Point was part of the KarstadtQuelle Group. In 2013 the company was taken over by the US company Foot Locker.

Runners Point shoe chain has to close branches – CDU politicians lack understanding

Original article from May 19, 2020:

Munich – is for many sports enthusiasts “Runners Point” the first point of contact. The company offers running shoes and functional clothing from various world brands and maintains more than 80 branches throughout Germany as well as in Austria and Switzerland. But all of these stores will close soon – forever. That gave the US company “Foot Locker”, to which the running shoe chain founded in 1984 has belonged for seven years, is officially known.

Of the closures are said to at least 700 employees affected be. This number was given by lawyer Jürgen Graser, who represents two “Runners Point” works councils in Recklinghausen. According to “WDR” information, the company management should have a “Possible continuation of business operations” to be negotiated. The hope could be the federal government’s Corona Aid Package *.

“Runners Point” closes: “Behind it are the fates of families”

The head office is located in the city in the Ruhr area with 170 employees. “Unfortunately for our city that is real blow to the office“, Quoted The West Recklinghausen Mayor Christoph Tesche: “They are behind it Fates of families. Such news is always bitter, but comes at the wrong time in the Corona crisis *. ” no understanding“. According to the portal, they even fear 1500 people for their jobs.

An exact time for the store closures is not yet known. However, lawyer Graser said: “As far as the stores are concerned, we expect that Activity stopped as soon as possible “The background to the decision is in the dark,” Foot Locker “only spoke of a previous”Assessment of our business and the competitive landscape in Germany over the past twelve months ”.

For all branches: “Runners Point” closes its doors.

© dp a / Axel Heimken

“Runners Point” closes: employees only informed a few days beforehand

According to this, the employees were informed about the move last Friday. “Foot Locker” said: “Now it goes in the Dialogue with the social partners about a reconciliation of interests. “The branches would remain open until an agreement was reached.

According to the company, the closures do not affect those Brands “Foot Locker” and “Sidestep”. The latter would in future be managed from the Foot Locker Europe headquarters in the Netherlands. The 77 “Sidestep” stores in Germany, Austria, Switzerland and the Netherlands offer clothing as well as shoes.

A department store giant is also disappearing from many German cities – among other things, savings are made at travel agencies. In the corona crisis, Bayern LB reported a loss in the three-digit million range and slipped into the red.

The automotive industry is also hard hit by the Corona crisis – VW is therefore shutting down production again. Shell also slipped into the red due to the fall in the price of oil – there is also a storage problem.

A commercial that VW spreads on the Internet is causing a stir, and as a result there are hailed racism allegations.

* merkur.de is part of the nationwide Ippen-Digital editors network.

mg, dpa

List of rubric lists: © dpa / Jens Wolf

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.