Potsdam: Fashion crisis! Street One store finally closes at the end of June!

Potsdam: Fashion crisis! Street One store finally closes at the end of June!

In the downtown Potsdam, the “Street One” store on Brandenburger Strasse will close its doors on June 30, 2025. As from a report from maz-online.de The business employees are informed that the rental agreement has expired and that one wants to withdraw from business due to age. The business was running the brands "Street One", "Opus" and "Cartoon". A note in the shop window indicates that returns or exchanges of any article are no longer possible.

The closure of the "Street One" store is by no means a individual case report. In the past few months, several fashion houses in Potsdam, including "BodyCheck", "More & More", "Bonita" and "Görtz", have closed their branches. These closures are due to the expiry of rental contracts and insolvency proceedings. It should be emphasized positively that the nearby “Catches” business, which also sells clothing from the Street One and Opus brands, is not affected by this development. The PTH Group, which operates “Catches”, is not connected to the closing business.

situation in retail

These developments in the retail sector are in the context of general economic trends. According to a press release of the Federal Statistical Office since 2003 has dropped by 21.7 %, while the turnover of the purchase and department stores at 34.8 % reduced. In contrast, inpatient retail has recorded a total sales increase of 11.3 % since 2003, and shipping and online trade could even achieve a sales increase of 170.1 %

For some department stores, including the Galeria Karstadt Kaufhof branch in Potsdam, there are bright spots. Contrary to initial plans, this branch will not close as announced at the end of August, but will remain for the time being. Insolvency administrator Stefan Denkhaus announced that there is an economically sustainable offer from the landlord, which prevents the closure. This decision concerns around 100 employees on site, for which Mayor Mike Schubert spoke out to everyone involved, since the solution was in the interests of the employees and the city. Instead of the 16 closures originally announced, only 9 branches will now close, and about 12,000 jobs will be preserved.

employment and sales in retail are still under pressure, which illustrates the importance of the measures taken. The renovation concept of the Galeria shows that there is still hope for parts of inpatient trade, while other branches such as the "Street One" store open another chapter in the decline in classic retail.