Gravis: German technology retailer closes ALL branches | Money

by time news

2024-03-15 18:58:32

The store deaths continue: The German technology retailer Gravis has now announced that it will be closing all branches in the near future. A spokesman for the company confirmed this to “Mac & i” and “Spiegel” on Friday.

The electronics chain has specialized in Apple products since its founding. Customers could not only buy the devices from Gravis, but also have them repaired.

The portal “computerbase.de” quotes from a statement from the group: “Gravis was successful for many years. However, Gravis has been struggling with a negative result since 2022. Losses have increased more or less every quarter since then.”

The electronics retailer cited increasing online trading and a decline in demand as reasons. In addition, Apple has a “restrictive conditions model”.

This means that other retailers only earn a little from the iPhone group’s products if they want to keep their prices competitive. According to unconfirmed reports, Apple is said to have reduced its margin again in recent years.

It will be over by the end of the year at the latest

Gravis was bought by the German radio giant Freenet in 2013. There are currently 38 branches in Germany. How exactly this will be handled has not yet been decided. According to “Spiegel”, up to 400 employees are affected in an emergency.

Freenet boss Christoph Vilanek (56) told the magazine: “The only thing that is clear is that the markets will no longer exist on December 31st. We informed the employees about this on Wednesday.”

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Gravis recently tried to save his business. The brand got a new coat of paint and a new logo. A year ago, the chain also reorganized all of its branches in a more modern way: since then, payment has only been possible without cash.

“Unfortunately, these measures did not lead to the desired return to success,” says the technology chain’s statement. Talks about collaboration with other companies also failed – and sealed the end of Gravis.

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Quelle: hu.ma.ne19.12.2023

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