Kik news and archive

Retail|Updated

Discounter Kik to close around 300 stores and appoints Ulrich Hanfeld as CEO

Textile and homeware discounter Kik is closing hundreds of stores this year. Chief financial officer Christian Kümmel announced this in an interview with the German Press Agency. The number of stores in Europe will fall by approximately 225 to just over 4,000 by the end of 2026, with a reduction of 135 to around 2,200 in Germany. Across Europe,...

loading...

FeaturedMember
Business|CRS INTERVIEW

Is the discount retail model sustainable and ethical?

German textiles discounter KiK operates almost 3,700 stores in Europe and generates two billion euros in sales annually. Among the 20,000 articles in its range are the often-criticised 1-euro-t-shirts. Most of the production takes place in Bangladesh. Are a discount model, sustainability and fair production per se mutually exclusive?...

loading...

Member
Business

German textiles discounter KiK publishes sustainability roadmap 2020-2022

German textiles discounter KiK, a member of the Partnership for Sustainable Textiles since 2015, has published its Roadmap for 2020 to 2022 a few days ago; a progress report including action plans for a sustainable textile supply chain, which all members must submit annually. This year, due to the changed situation caused by the Corona crisis,...

loading...

Member
Business

Trumps' tariffs hault expansion plans of German textiles discounter Kik

German affordable textiles chain, Kik, has halted its plans to enter the United States due to the threat of higher tariffs. Instead of taking the tariff risk, the company wants to focus on expansion in Europe. Kik aimed to conquer the U.S. by opening its first ten stores in the Midwest during 2019. The U.S. market offers unlimited growth...

loading...

Member
Business

German textiles discounter Kik stops U.S. expansion plans due to Trump

German affordable textiles chain, Kik, has halted its plans to enter the United States due to the threat of higher tariffs. Instead of taking the tariff risk, the company wants to focus on expansion in Europe. Kik aimed to conquer the U.S. by opening its first ten stores in the Midwest during 2019. The U.S. market offers unlimited growth...

loading...