Arab Today, arab today insolvent drugstore chain starts clearance sale
Last Updated : GMT 22:44:04
Arab Today, arab today
Arab Today, arab today

Insolvent drugstore chain starts clearance sale

Arab Today, arab today

Arab Today, arab today Insolvent drugstore chain starts clearance sale

Berlin - DW

Germany\'s bust drugstore chain Schlecker has begun its nationwide clearance sale that is expected to last until the end of June. Huge discounts lured crowds into the retailer\'s 2,800 shops. Insolvent German drugstore chain Schlecker kicked off a clearance sale on Friday after creditors last week were unable to agree on a solution to keep the company up and running. The 2,800 shops offered 30 percent to 50 percent discounts on a variety of items ranging from baby food and shampoo to washing-up liquid and diapers. Huge crowds of consumers had lined up in front of many shops long before they opened in the morning. Schlecker officials spoke of a furious start to the clearance sale, adding that even greater discounts would be granted in the weeks ahead. They said it was still unclear how long the sale would last, but added that they expected it to be over by the end of the month. Employment opportunities The clearance sale plus the sale of real estate assets will hopefully raise between 500 million euros and 700 million euros ($623 million to $872 million), insolvency administrator Arndt Geiwitz said. That compared to 665 million euros in claims by creditors. The 13,000 remaining employees of the retail chain will receive their pink slips towards the end of this month. German Labor Minister Ursula von der Leyen and Federal Employment Agency Chief Frank-Jürgen Weise had expressed the hope that many of those out of work could be retrained quickly to find new employment in the health care system or education where there are massive labor shortages. The head of Germany\'s public-sector union Verdi, Frank Bsirske, reiterated his call for regional governments to create special employment societies to help those to be fired find new jobs.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today insolvent drugstore chain starts clearance sale Arab Today, arab today insolvent drugstore chain starts clearance sale

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today insolvent drugstore chain starts clearance sale Arab Today, arab today insolvent drugstore chain starts clearance sale

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday