SportX could become Ochsner Sport: there will soon be plenty of space in Migros shopping centers

Migros is selling its subsidiaries. This frees up huge amounts of space in our shopping malls. Ochsner Sport's parent company is said to be interested in SportX.

Melectronics has been sold – and the solution is said to have emerged in SportX. As reported by NZZ newspaper, citing unnamed sources. German Dishmann Group You must show interest. In Switzerland, it already owns Ochsner Sport, Ochsner Shoes, Töpfenbach and the sports shoe store chain Snipes. Europe's largest footwear seller, with more than 180 million pairs sold annually, is said to be interested in acquiring several of SportX's retail spaces.

The sale of Melectronics to Media Markt has already been completed. The home electronics retailer will take over 20 of the 37 stores. This means that sales of TVs, computers and other home electronics continue at more than half of Melectronics' stores.

On the other hand, 17 stores need to be redesigned, otherwise they would remain empty. The void could also spread to Migros' malls whose subsidiaries previously occupied a significant portion of the sales space. Stores like Do it + Garden or Micasa need a lot of space and therefore will leave big gaps if they are not replaced.

Migros is making way for the German department store chain

Other furniture stores in Switzerland are not interested in Migros subsidiaries, NZZ writes. At most, IKEA would be interested in more convenience stores, like the ones it increasingly operates. Competitor Coop is not keen on securing space in Migros malls with Jumbo.

However, Migros malls are not expected to be half empty, NZZ newspaper quoted shopping mall expert Marcel Stoffel as saying: There are companies that want to expand in Switzerland or expand their network – such as the pharmacy chains Rossmann and Müller. Action Discount Supermarket also recently opened its first branch in Switzerland.

If Migros is indeed able to rent out the freed up space in its shopping centers to third parties, it will likely generate additional income from its real estate portfolio. This is because Migros subsidiaries charge relatively low rents – which also come from their own pockets.

Great interest in the shops in Glatzentrum

The president of Glattzentrum, the mall with the highest sales in Switzerland, confirms the interest in the retail space under the roof of Migros. Since Migros announced the restructuring, it has been inundated with inquiries, he told NZZ.

However, he cannot rent the space himself. This is done through Migros Supermarket AG, which owns the Glattzentrum centre. Neither Migros Co-op nor individual NZZ co-ops have explained what they plan to do with the vacant space in their shopping centres.