Multi pad closes branches in NRW: clearance sale started!

Multi pad closes branches in NRW: clearance sale started!

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Source 1: https://www.ruhr24.de/nrw/multipolster-nrw-schliessung-moebelhaus-Filials-bielefeld-muelheim-rae-rae-rae-93587617.html

Source 2: https://www.wa.de/nordrhein-westfalen/raeumfrechafe-weiter-in-nrw-lauft-moebelhaus-schliesst-93583118.html

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          Information:

          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.

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