Lower turnover for Delhaize Group in Belgium | RetailDetail

Lower turnover for Delhaize Group in Belgium

Lower turnover for Delhaize Group in Belgium

Belgian Delhaize Group's turnover has grown 15 %, of which only 2.2 remained after exchange rates, to 5.82 billion euro in the first quarter of 2015. Its Belgian like-for-like turnover dropped however.

Belgium slowly climbs back up

Belgian turnover dropped 2.4 % to 1.18 billion euro, while its like-for-like turnover dropped 2.8 %. Strikes after the announcement that the chain would close several Belgian stores were mainly the cause of the weaker results.


"We are implementing huge changes in Belgium, to revitalize Delhaize. Our first quarter results were impacted by price investments, discounts and marketing, but we have seen a steady turnover and market share improvement", CEO Frans Muller said.


Huge blow to net profit

Delhaize's American like-for-like turnover grew 2.5 %, while its total turnover grew 3.2 % to 4.36 billion dollars (3.9 billion euro). Excluding exchange rate fluctuations, Delhaize even grew 25.5 % in the US, thanks to the weak euro compared to the dollar. Southeast Europe managed a 5 % turnover increase to 768 million euro, but its like-for-like turnover did drop 0.8 %. The abysmal Greece economy is a burden on local turnover.


The group's underlying operational profit dropped 11.2 % to 173 million euro (including exchange rates), while its net profit even dropped 75.8 % to 36 million euro.

Questions or comments? Please feel free to contact the editors

CEO Peter Somers wants to take RetailDetail to the next level


RetailDetail has a new CEO: e-commerce entrepreneur and former bpost board member Peter Somers has major growth ambitions for the company.

"Protectionism makes everyone poorer" (Christian Verschueren, EuroCommerce)


Trade wars and discrimination within the single market create growing pressures on retailers in Europe. EuroCommerce Director-General Christian Verschueren is concerned, but looks forward confidently to the future.

Belgian online turnover surpasses 10 billion euro


Online commerce is becoming increasingly popular, in Belgium as well. Online turnover in the country rose to 10.05 billion euro last year, reaching the ten billion milestone for the first time. However, there is still a lot of growth potential online.

Claire’s files for bankruptcy


American chain Claire’s has now officially filed for bankruptcy, although it only relates to the company’s American division.

Amazon looks for additional cuts with manufacturers


Amazon wants to cut costs and that is why it will charge manufacturers with logistical fees more quickly. Up until now, the American online retailer often took it upon itself, but that move no longer seems profitable.

Amazon targets Toys 'R' Us stores


Amazon is apparently interested in several of bankrupt Toys ‘R’ Us’ stores, because their locations and stores would fit Amazon’s own retail formulas.

Back to top