Swiss retail chain Migros shutters physical book shops

The Swiss retail group Migros is closing all 15 physical branches of its bookselling brand Ex Libris by the end of the year. + Get the most important news from Switzerland in your inbox The group's online book business will be gradually transferred to the digital platform Galaxus. This will affect 230 employees and job cuts cannot be ruled out. With this step, Migros is bundling its online offering for books, the company said. At the same time, it is pushing ahead with its strategic reorientation away from bricks-and-mortar retail. The full integration of the online business from Ex Libris to Galaxus should be completed by mid-2027. Employees affected The remaining 15 Ex Libris shops in German-speaking Switzerland will be closed by the end of 2026. The closure affects 230 Ex Libris sales staff. According to Migros, job losses cannot be ruled out. Wherever possible, those affected will be offered a new position within the Migros Group. A comprehensive national social plan has been ...