Overview

• Hellweg has announced the closure of seven stores in Germany, representing nearly 10% of its locations in the country.
• The closures, scheduled for August, are part of a network optimization strategy to adapt to challenging market conditions.
• Affected locations include Münster-Loddenheide, Hagen, Essen-Altenessen, Bonn-Duisdorf, Oberhausen, Werl, and Duisburg.
• The decision follows a post-pandemic downturn in the DIY sector, with rising energy costs and inflation eroding profitability.
• Hellweg plans to concentrate on its strongest-performing outlets to stabilize operations and improve resilience.