What: C&A announces closure of 24 stores and 324 job cuts in France as part of ongoing retail sector restructuration.

Why it is important: This restructuring reflects a broader European retail transformation trend, where major chains are implementing significant operational changes to address market challenges

C&A's announcement of closing 24 stores and eliminating 324 positions in France marks another significant development in the ongoing transformation of European retail. The restructuring, which includes the closure of all 57 corner locations within major retailers like Intermarché, Carrefour, and Auchan, represents the company's eighth employment protection plan. This strategic shift affects approximately one-fifth of C&A's French network, which currently comprises 100 stores and 1,500 employees. The company cites structural difficulties and a deteriorating fashion market as primary factors, despite previous adjustment efforts. The restructuring extends beyond store closures to include reorganisation of their Paris region distribution centre, reflecting a comprehensive approach to operational transformation. The company has committed to negotiating a comprehensive social support package with employee representatives, including reclassification proposals and accompanying measures.

IADS Notes: C&A's restructuring aligns with broader European retail transformation patterns observed throughout 2024. In April, Galeria Karstadt Kaufhof's closure of 16 stores out of 92 locations led to approximately 1,400 job losses and released 500,000 square meters of retail space. Similarly, December 2024 saw Coin Group implementing a comprehensive three-pillar transformation strategy affecting 1,331 workers and eight stores while addressing €80 million in debt. These parallel developments highlight how European retailers are responding to market pressures through significant operational restructuring and strategic repositioning.

C&A to close 24 stores in France