Bonn The rumor has been around for some time, but now it's a fact: Karstadt Sports is moving into the location formerly housing "Saks Off 5th" on Remigiusstraße in Bonn on Saturday. This was announced by Galeria Karstadt Kaufhof on Wednesday.
The department store chain Galeria Karstadt Kaufhof is significantly expanding its sporting goods business. On Saturday, new branches of the Karstadt Sports chain are to open in Bonn on Remigiusstraße as well as in Frankfurt, Heidelberg, Wiesbaden and Lübeck, the company announced on Wednesday.
GA had already reported in April about a possible takeover of the premises of "Saks Off 5th" by Karstadt Sports. At that time, however, Kaufhof had not commented on the speculation.
"One of the biggest growth rates (in sales) in Germany is to be found in the sports business," said Stephan Fanderl, head of the department store group, on Wednesday, as he explained the expansion plans. Most of the stores, including those in Bonn, are former branches of the "Saks Off 5th" luxury outlet chain, which belongs to the Kaufhof empire and ceased operations in Germany in spring.
(Orig. text: dpa, Translation:ck)