Peek & Cloppenburg to leave Dam square for good: store closing at the end of February

Retailer Peek & Cloppenburg will permanently close its flagship store on the Dam in Amsterdam at the end of February. The decision follows reports of major renovation plans for the historic national monument, which involve dividing the property into two smaller retail units. While the section on the corner of the Kalverstraat has already been leased, the space on the Rokin side remains available for rent, and the building's other tenant, Madame Tussauds, will receive a new entrance at the rear of the complex.

This closure is part of a broader contraction for the retailer in the Netherlands, where the number of stores has dwindled from sixty at its peak to only three remaining locations in The Hague, Rotterdam, and Leidschendam. The company, which underwent a significant restructuring three years ago to avoid bankruptcy, is currently reviewing the performance of all its branches across sixteen countries. The Cloppenburg family continues to own the building in Amsterdam, although their long-term plans for the property remain undisclosed.