Minor sales drop for Fnac in first semester | RetailDetail

Minor sales drop for Fnac in first semester

Minor sales drop for Fnac in first semester

In the first six months, Fnac has experienced a minor 0.7 % sales drop, although it did manage to boost its sales 0.4 % in France on a like-for-like basis. Due to the weaker market however, turnover was pushed down 1.3 % in the second quarter.

"This confirms the strength of our company"

"Fnac Group's performance in the first semester of 2015 confirms the strength of our company. Our increased French sales with a stabilized gross margin, despite the difficult economic situation and increased marketing efforts, once again underpins the power of our company", CEO Alexandre Bompard said.

 

He also emphasized that the results were "positive effects of the company's transformation: continued growth online, strong omnichannel sales increases, increased sales in new product ranges and continued expansion of new formulas."

 

Success online and with new product ranges

Its online sales have, for the second trimester in a row, grown double-digit numbers, particularly in France. The online marketplaces have also contributed more to the online turnover: 17 % of online sales in the first semester were made on marketplaces. 44 % of Fnac.com's sales in the first semester of 2015 are now omnichannel-focused, up from 30 % in the same time frame in 2014.

 

Fnac has also added omnichannel functionalities abroad, with the introduction of "click & mag" in Spain at the end of the second trimester and with the planned introduction of in-store pick-up points in Belgium. New product ranges have also increased their impact on the total turnover, up from 10.9 % in 2014 to 13.1 % in the first trimester of 2015 and 14.6 % in the second trimester. 

 

Over the course of 2015, the group hopes to save 30 to 40 million euro thanks to higher productivity and efficiency, while it also hopes to increase its operational margins above 3 %. Fnac Group's operational income has nevertheless increased to a loss of 29 million euro, compared to a 24.9 million euro loss it incurred in the first half of 2014.

Questions or comments? Please feel free to contact the editors


Smartphone sales drop for the first time ever

22/02/2018

2017 may have been a record year for smartphone sellers, but the market is weakening: for the first time since 2004, there were fewer smartphone sales in the fourth quarter.

Merger paid off for Fnac Darty

22/02/2018

French entertainment and electronics retailer Fnac Darty (owner of Belgian chain Vanden Borre and Dutch BCC) has experienced a “solid 2017”, with a nearly 40 % turnover increase.

Ceconomy finds growth online

09/02/2018

Ceconomy, Media Markt and Saturn’s parent company, revealed a small turnover growth for its first quarter, thanks to improved online sales. Expectedly, its profit did drop.

Insurance company becomes second largest Fnac-Darty shareholder

08/02/2018

There has been yet another thorough shake-up among Fnac Darty’s shareholders. The merger company, which owns Belgian electronics chain Vanden Borre and Dutch retailer BCC, will now welcome insurance company SFAM, after it bought investment fund Knight Vinke’s shares.

Record profit for Apple despite disappointing sales

02/02/2018

Apple broke its turnover and profit records in the first quarter of its fiscal year, which ended on 30 December 2017. Nevertheless, there are unfavourable signals, because iPhone sales were below expectations.

Computer chips reason for Samsung's record profit

31/01/2018

Korean technology company Samsung’s fourth quarter resulted in a record profit, mainly thanks its chip division, where prices remain sky high.

Back to top