Depot to close all 24 Austrian stores by January 2027

Depot Gries Deco Austria GmbH retail insolvency store closures home decoration industry

The home decoration chain Depot is withdrawing from the Austrian market, with Gries Deco Austria GmbH announcing the closure of all 24 remaining stores by January 31, 2027. The decision follows the insolvency of its German parent company, GDC Deutschland, which ceased operations in September after more than 1,000 employees lost their jobs.

Approximately 140 employees in Austria will be affected by the closures. While company director Christian Gries stated that no formal social plan has been established, he expressed confidence that staff will find new employment. The company intends to operate through the upcoming Christmas season, utilizing extensive clearance sales with significant discounts to liquidate stock.

The retailer has faced years of financial pressure due to increased online competition and low-cost competitors such as Action and Tedi. This move marks the end of Depot’s 17-year presence in Austria, following a previous contraction in 2024 that reduced its domestic footprint from 49 to fewer than 30 locations.

Entities

Austria · Christian Gries · Depot · GDC Deutschland · Germany · Gries Deco Austria GmbH

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Christian Gries stated that all salaries will be paid until January 31, 2027. kurier.at
[● 3 SOURCES] No social plan has been established for the affected employees. www.vol.at · www.nachrichten.at · noe.orf.at
[● 4 SOURCES] Depot will close all 24 of its Austrian branches. www.vol.at · kurier.at · www.nachrichten.at · noe.orf.at
[● 3 SOURCES] Depot has operated in Austria for 17 years. www.vol.at · www.nachrichten.at · noe.orf.at
[● 4 SOURCES] The closures will affect approximately 140 employees. www.vol.at · kurier.at · www.nachrichten.at · noe.orf.at
[● 3 SOURCES] Existing vouchers must be redeemed by January 31, 2027. www.vol.at · www.nachrichten.at · noe.orf.at
[● 3 SOURCES] The decision follows the insolvency of the parent company in Germany. www.vol.at · www.nachrichten.at · noe.orf.at
[● 3 SOURCES] The company will conduct clearance sales with price reductions. www.vol.at · www.nachrichten.at · noe.orf.at