Today is the 26.02.2025
Date: 26.02.2025-Source 1 ( ):
-Multiolster closes two other branches in North Rhine-Westphalia (NRW).
- The location in Dortmund was closed in December 2024.
-Affected branches: Mülheim an der Ruhr and Bielefeld-Mitte.
-In Bielefeld, the branch is closed at Eckendorfer Straße 91-93; The branch in Bielefeld-Brackwede is preserved.
- Location in Mülheim is located at Schultenhofstrasse 46, near the A40.
- Closing date for both locations is April 5, 2025.
- Customers can expect discounts of up to 80 percent during clearance sales.
- The reason for the closures are economic reasons; The locations have not achieved the desired success in recent years.
- Multi pad hopes that regular customers will continue to visit the remaining branches in NRW and East Westphalia.
-Remaining multipolster branches in NRW: Bonn, Bielefeld-Brackwede, Essen, Hilden, Cologne-Marsdorf, Krefeld, Paderborn, Siegburg, Schwelm.
- Multi pad is a German furniture dealer, specializing in upholstered furniture, founded in 1990 at Chemnitz.
- The company operates around 50 branches in nine federal states.
- In April 2020, Hans Segmüller Polstermöbelfabrik GmbH & Co. KG acquired 75 % of the shares in multipolsters.
-Since June 1, 2023, multipolster has been a 100 percent subsidiary of Segmüller.
SOURCE 2 ( ):
-Multipolster closes two other branches in North Rhine-Westphalia (NRW): Mülheim an der Ruhr and Bielefeld-Mitte.
- Consplean clearance for both branches.
- closure in Mülheim an der Ruhr takes place on April 5, 2025.
-Branch in Bielefeld-Mitte will also be closed in April 2025.
-Branch in Mülheim has existed since 2017, branch in Bielefeld-Mitte since 2010.
-Previous closure of a multipolster branch in the Indupark Dortmund in December 2024.
- Spokeswoman for Multipolster expresses that the desired success was not achieved at both locations.
- No further closures are currently planned in NRW.
-After the closures, nine multipolster branches remain in NRW:
-Bielefeld-Brackwede
- Bonn
- Food
- Hilden
-Cologne-Marsdorf
- Krefeld
- Paderborn
- Siegburg
- Schwelm/Wuppertal
Source 3 ( https://www.nw.de/nachrichten/wirtschaftsrichten/24045788_weil-kunden-krise-krise-der-moebelbranche-chich.html ):
-known furniture discounter advertises with the slogan " stay cheap ”.
- Dealers try to lure customers into their markets with special offers, but with moderate success.
- 2024 was again a bad year for the furniture industry in Germany.
- sales of the German furniture manufacturers sank nominal by 7.4 percent to 16.4 billion euros.
- prices for home furniture did not rose recently.
- Furniture retailers recorded a sales minus between six and eight percent.
- Industry associations VDM and BVDM announced these figures.
- The proceeds had also dropped in the previous year.
- Many companies in the industry send employees into short -time work.
- Trade expert Sebastian Wilde explains that increased living costs force households to restructure expenses.
- Food and energy have priority, furniture purchases are classified as less urgent.
- During the pandemic there was a boom in furniture purchases, the need is now covered.
- Customers are increasingly investing their money on vacation and travel.
- mood in the industry is bad; Imm Cologne, an important furniture fair, was canceled.
- Only 4 percent of companies appreciate the business situation as good, 44 percent as satisfactory, 33 percent as bad.
- Only 22 percent expect higher sales in 2024.
- Furniture manufacturer Hülsta hired the company in 2024.
- Number of employees in the furniture industry fell by 5.4 percent to 71,231.
- Number of companies with more than 50 employees decreased by 3.8 percent to 414.
- 44 percent of companies applied for short -time work in the first quarter of 2025.
-Chains such as Opti-Wohnwelt as well as the furniture manufacturers Loddenkemper and Schröder got into bankruptcy in 2024.
-Investments in the industry reached a ten-year high.
- Industry giant Ikea recorded a drop in sales of 5 percent in the 2023/2024 financial year.
-Visitor numbers in Ikea branches were also lower.
- Return new housing builds the industry; In 2024 only 215,900 apartments were approved, a decline by 17 percent compared to the previous year.
- sales of the manufacturers of living, dining and bedroom furniture was 11.2 percent lower than in the previous year.
-losses in other areas: kitchen furniture (-6.5 percent), mattresses (-5 percent), office and shop furniture (-4 percent).
- Managing Director of the Associations of the German Furniture Industry expects low sales growth in low single -digit percentage range for 2025.
- Hope for weakening inflation and rising real wages.
- Kitchen manufacturer Rotpunkt reports on ascending order input since November 2024.
- Demand for flexible furniture increases; Space -saving and versatile furniture are required.
