For its fourth quarter, the Dutch Macintosh Retail Group has once again managed a turnover increase for its Fashion branch. However, weak shoe sales have negatively impacted turnover growth compared to the previous quarters.
Macintosh Retail Group's total turnover reached 241.5 million euro in its fourth quarter, up 5.4 % compared to the year before. Its Living branch, now consisting only of Kwantum stores, saw its turnover grow 18.7 % to 55.1 million euro. Fashion managed a 2 % turnover increase to 186.4 million euro.
Particularly Fashion's online turnover grew a lot, up 25.7 % to 19.8 million euro. Its offline sales declined by 0.2 %, mainly because of lower Fashion Belux turnover (- 5.7 %). On the other hand, Fashion UK grew 6.1 %.
Fall and winter below expectations
CEO Kurt Staelens pointed to the warm weather for the bad result, as its "fall and winter collections under-performed because of the weather. The positive evolution of Fashion turnover up until August was more than nullified because of this", he said.
Macintosh's full-year turnover grew 5.9 % to 870.6 million euro with Fashion up 6 % and Living 5.6 %. The group's online turnover grew 41.3 % to 64.8 million euro. The company will reveal its full-year numbers on 19 March 2015.