Macintosh Retail Group's online turnover up 41 %

Macintosh Retail Group's online turnover up 41 %

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.

Online growth

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.

Questions or comments? Please feel free to contact the editors


Twelfth straight growth quarter for Walmart

17/08/2017

American supermarket chain Walmart has surpassed analysts’ expectations for the previous quarter, the company’s twelfth straight growth quarter. The world’s largest supermarket chain especially benefited from a strong online growth.

FrieslandCampina sells fruit juice division

17/08/2017

Dairy company FrieslandCampina has sold its fruit juice division, which also contained the Appelsientje brand to Dutch investment firm Standard Investment.

Carlsberg's turnover increases despite lower volumes

16/08/2017

In the first half of the year, Danish beer brewer Carlsberg’s turnover grew 2 % to 31.8 billion krona (4.3 billion euro). The improves sales for its more expensive beers, like Grimbergen, contributed to this turnover increase.

Losses keep growing for HelloFresh

14/08/2017

In the first half of 2017, meal box delivery service HelloFresh has seen both its turnover and its losses grow significantly. This gives mixed messages in the preparation of its IPO, which is planned this fall to create room for more investments.

Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, as Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Back to top