Macintosh closes all Belgian Scapino stores | RetailDetail

Macintosh closes all Belgian Scapino stores

Macintosh closes all Belgian Scapino stores

Despite Dutch Macintosh Retail Group's strong first quarter financial results, with an improvement for cross-channel, the group will close a lot of stores. The Belgian branch of Scapino will be shut down entirely.

'Fashion' saves turnover

2014's first quarter turnover rose 3.8 % to 184.4 million euro, mostly thanks to the 'Fashion' branch which experienced a 7.6 % turnover increase to 139.3 million euro. The 'Living' division dropped quite strongly, with - 6.6 %, to 45.1 million euro.

 

Macintosh's online turnover reached 11 million euro, 10.3 of which were through 'Fashion', a 41 % increase compared to 2013's first quarter. The company hopes to reach 15 % of its total turnover through cross-channel activities by 2017.

 

Scapino Belgium closes

Macintosh Retail Group also announced it will close all 25 Belgian Scapino stores, to increase the group's profitability. In total, some 51 stores will be shut down in 2014 and 2015, on top of the earlier announcement of 110 store closures.

 

The group also intends to focus entirely on the 'Fashion' division, which means that its 'Living' branch (consisting of the Kwantum chain) will be cut loose. However, it will only come to a sale if Macintosh Retail Group receives a decent offer.

Questions or comments? Please feel free to contact the editors


Carrefour Belgium launches personal shoppers with 90 minutes delivery

19/07/2018

In the intense struggle for the customers' favour, Carrefour Belgium has presented a new service - featuring personal shoppers, delivery within 90 minutes and an app that can be expanded into a market place.

Cultured meat in stores by 2021?

18/07/2018

Commercialization of laboratory cultured meat is coming closer. Pioneer Mosa Meat has raised 7.5 million euros for the construction of a factory that will bring an affordable product to the market within three years.

Aldi commits to renewable energy

17/07/2018

Aldi Nord has published an ambitious international climate policy: the retailer wants to reduce greenhouse gas emissions by 40% by 2021 and reveals some compelling figures in its second sustainability report.

Discounters' major opportunities for growth in Western Europe

16/07/2018

Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value

16/07/2018

Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.