September 23, 2017 8:20 AM ET

Multiline Retail

Company Overview of Karstadt Warenhaus GmbH

Company Overview

Karstadt Warenhaus GmbH operates a chain of department and sports stores. Its product line includes textiles, leather, electronic goods, and home furnishings. The company was founded in 1881 and is based in Essen, Germany.

Theodor-Althoff-Str. 2

Essen,  45133


Founded in 1881


49 201 727 1


49 201 727 5216

Key Executives for Karstadt Warenhaus GmbH

Managing Director
Member of the Management Board
Age: 64
Compensation as of Fiscal Year 2017.

Karstadt Warenhaus GmbH Key Developments

Karstadt to Open New Department Store by 2018

Karstadt will open a new department store by 2018 at the latest. A long-term lease for this future branch was concluded with HGHI Holding GmbH. The new branch will be situated in a prime location that is very popular with customers and well connected to U-Bahn and S-Bahn lines. The new department store in the Gorkistrasse pedestrian zone covers 8,800 m of sales space on four storeys and is designed as a local marketplace. The property is expected to be finished by 2018 at the latest and will then be handed over to Karstadt Warenhaus GmbH as the tenant. The new branch will open approximately two months later. The Tegel Center and the 350-metre pedestrian zone on Gorkistrasse will be modernised to a large extent by HGHI Holding GmbH to offer this district an attractive shopping experience. Over 100 shops will be built here on approximately 50,000 m of sales space. With its immediate proximity to U-Bahn and S-Bahn stations, this location also has excellent local public transport connections.

Karstad Provides Earnings Guidance for the Fiscal Year 2015/16

Karstad provided earnings guidance for the fiscal year 2015/16. For the year, the company announced that it plans no further store closures. Hard restructuring measures implemented to date are showing the first effects. The group expects a significant improvement in terms of operating results this year with EBITDA at a null level. Net result will be negative in a medium double-digit range. The company expects to turn to profit in the following fiscal year 2015/16.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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