Darty Group's results impacted by BCC | RetailDetail

Darty Group's results impacted by BCC

Darty Group's results impacted by BCC

Dutch electronics chain BCC's results in the first half of its fiscal year have negatively impacted its parent company Darty Group's results. Nevertheless, despite BCC's weak performance, Darty did manage turnover growth.

Growth in Belgium and the Netherlands

Darty Group's total turnover grew 1.2 % in the first half of the year, to 1.66 billion euro. Its like-for-like turnover also grew 1.1 %, an improvement over the 1.1 % slump last year.

 

Group profit grew 36 % to 36.1 million euro. In France, Darty's most important market, profit grew 51 % while Belgian profit also grew, thanks to Vanden Borre. Its Dutch branch experienced a loss, which it blamed on difficulties implementing a new order processing system.

 

In November, Darty accepted an acquisition bid by its competitor Fnac, which will pay 859 million euro to acquire the company.

Questions or comments? Please feel free to contact the editors


Fnac Darty and MediaMarkt Saturn enter purchase alliance

16/05/2018

French electronics retailer Fnac Darty has set up a purchase alliance with competitor MediaMarkt Saturn. Both companies will buy together when it comes to the European retail market.

Amazon looking to outbid Walmart in Flipkart deal

03/05/2018

The battle for dominance on the Indian e-commerce market seems to be stepping up a notch: Amazon may be looking to buy a majority stake in Flipkart, trying to better Walmart which already started negociations with the Indian online retailer.

Amazon is working on domestic robot

24/04/2018

Amazon is secretly working on robots for consumers. According to press agency Bloomberg, the tech giant wants to trial the robots at their employees’ homes and wants to present its domestic robots in 2019.

Fnac Darty continues growth thanks to collaborations

23/04/2018

Electronics group Fnac Darty has achieved a small turnover growth in the first quarter of 2018. The group also says it took major steps in its recovery plan: before the end of 2018, it seeks 130 million euro in synergies.

‘Schnäppcam’ lures customers back to the store

16/04/2018

It seems a lost fight to compete with web shops, but not every retailer is simply throwing in the towel. A German household appliance seller has found an original way to entice customers.

Media Saturn launches first checkout-free store in Austria

12/03/2018

Saturn has opened Europe’s first checkout-free electronics store in Austria. The former Metro Group chain offers its customers traditional sales assistance, but payments have to happen using an app.