![People walk past the entrance to Galeria Kaufhof on Frankfurt's Zeil, Germany, Monday, March 13, 2023.](https://imagenes.elpais.com/resizer/v2/RJGIH6D3WIK523FKSKOLP25WIY.jpg?auth=e2f69c3565f7eb8eecb3aac7f2d57718ab27385fbae1be1af83d5e91ad63b2e1&width=414&height=233&focal=2120%2C405)
German department store chain to shut 40% of its outlets
The long-troubled Galeria Karstadt Kaufhof plans to shut 52 of its current 129 stores in two phases
The long-troubled Galeria Karstadt Kaufhof plans to shut 52 of its current 129 stores in two phases