Gotha mourns the loss of Moses: business closed due to high costs

Gotha mourns the loss of Moses: business closed due to high costs

Erfurter Straße, 99867 Gotha, Deutschland - in Thuringia is currently turbulent. Another branch has closed your doors forever. The "Moses" branch in Erfurter Straße in Gotha already closed the gates at the end of May. The sales area is now empty, the shop windows no longer offer a sight. The reason for this closure is the high operating costs - not a lack of customers how many could assume. The location is roughly part of a negative development, which is currently spreading in the Free -Auticultural Economic Picture. During this time, the opening of new shops often only remains a glimmer of hope, while other companies have to go to their knees. So far, the owner of the closed branch did not provide any information about whether a successor has already been found for the shop.

For the remaining "Moses" branch in the department store on Ekhofplatz there is at least more positive messages. This remains open and still offers leather goods and luggage. However, children's clothing and sporting goods are deleted from the range. It remains to be seen whether this decision to reduce the offer can save the branch in the long term.

economic challenges in Thuringia

The closure of "Moses" is only part of a major problem. Thuringia is currently experiencing a bankruptcy wave, such as Tag24 . The number of corporate insolvencies rose by 7.5 percent compared to the previous year in the first nine months of 2023. A total of 201 companies registered bankruptcy, which means more than 1,500 employees affected. The expected claims of the creditors amount to around 181 million euros, a sum that could heavily burden the economy of the federal state.

In particular, the construction industry bears the main load of the bankruptcies with 38 procedures. The developments in housing construction, which is often seen as the backbone of the regional economy, are particularly alarming. Service providers, car dealers and workshops also have to pay their invoices, while private bankruptcies were slightly declining in the same period.

The Inn Scenes show that more and more companies in Thuringia are in difficulty. While the closure of the "Moses" branch for those affected is sad, it symbolically stands for the challenges that many companies are currently facing. The economic uncertainty makes it difficult to develop clear perspectives for the future. It remains to be hoped that the remaining shops and companies in the region will get over the crisis with a good hand and soon bloom again.