Why is Migros closing Ex Libris stores?

Demand has shifted online, and running separate store and online operations adds cost. Migros will centralize book sales on Galaxus to gain scale in logistics, assortment, and marketing. This strategy aims to simplify operations and improve profitability, which aligns with broader e-commerce trends in Swiss book retail.

What happens to Ex Libris employees?

About 230 roles are affected. Detailed measures were not disclosed in initial reports. In Switzerland, companies typically run consultation processes in restructurings. Investors should watch Migros updates for clarity on timelines, potential transfers, or support programs as the closures roll out through 2026.

How will customers buy books after the closures?

Customers can order online via Galaxus as the book business migrates there, with full integration targeted by mid-2027. The trade-off is losing in-store browsing. The benefit is broader assortment and convenient delivery, as Migros focuses on a single, scaled platform for Swiss book retail.

What should investors monitor in 2026–2027?

Key watchpoints include store exit timing, vacancy durations in city locations, and re-leasing spreads. Track online sales growth, margins, and any execution risks in the Galaxus integration. Also monitor customer retention and marketing efficiency as Ex Libris store closures shift demand toward a single online destination.

Global Market Insights

January 31: Ex Libris to Close All Stores as Migros Shifts to Galaxus

ByHuzaifa Zahoor February 1, 2026February 1, 2026

Ex Libris store closures are set to reshape Swiss book retail. Migros will close all 15 Ex Libris stores by end-2026 and shift the book business to Galaxus, with full online integration targeted by mid-2027. About 230 employees are affected. For investors in Switzerland, the move signals faster e-commerce consolidation, changing foot traffic patterns, and possible re-leasing needs in prime city locations. We break down the timeline, strategic rationale, and the implications for retail landlords and competitors.