Macintosh still cannot turn the tide

Macintosh still cannot turn the tide

Macintosh Retail Group's turnover dropped slightly in the first half of 2015, particularly because it has closed down several divisions compared to last year. Those closures did help to drop the company's losses a lot.

Online performs well

The group's total turnover dropped 3 % to 204 million euro. It not only closed 9 % of its stores compared to a year ago, it also carried out a lot of discounts, both of which impacted its bottom line.

 

Net losses have also dropped however, from 31 to 4 million euro, which is a positive consequence of its store sales - like the 16 million euro sale of its Nea International chain in May 2015. It will continue to slim down in the upcoming months as it intends to sell off Kwantum and its British activities this year.

 

The current results have left people at Macintosh Retail Group with mixed feelings: "We topped our significant H1 2014 Fashion NL market share growth by both online and like-for-like offline growth in H1 2015. In Belgium our cross channel strategy also resulted in above market online growth", CEO Kurt Staelens said.

 

Macintosh's online turnover has also grown a lot: Dutch online turnover at the shoe stores has grown 22.3 % while its BeLux online performance grew 19.2 %. There is a marked difference with its offline turnover, which dropped 4.8 % in the Netherlands and 0.4 % in the BeLux area. In total, its turnover at the Dutch shoe stores dropped 2.2 % while it grew 0.2 % in the BeLux area.

Questions or comments? Please feel free to contact the editors


Aldi Nord and Aldi Süd collaborate for animal welfare

18/01/2018

Aldi Nord and Aldi Süd will join forces for a unique collaboration: they will launch their own animal welfare quality mark. “Fair & Gut” (Fair and Good) will launch in Germany for poultry products, but steadily expand.

Rewe uses chocolate pudding to see how little sugar is acceptable

18/01/2018

German supermarket chain Rewe has asked its customers how little sugar they can bear. It aims to lower its private label’s sugar levels, but the consumer will decide by how much.

Lidl dials down its American ambitions

18/01/2018

Lidl had hoped to have about 100 stores in the United States by the summer, but will be forced to adjust its first-year goals. It currently has 49 stores in the United States.

Carrefour looks back on difficult year

17/01/2018

Despite an fourth quarter improvement, Carrefour experienced a very difficult year. There was no growth in Belgium either and it now all depends on CEO Bompard’s new guidelines, which will be revealed next week.

British supermarket chain Iceland gives plastic the boot

17/01/2018

British frozen food chain Iceland will be the first supermarket chain to cut all plastic packages from its private labels. By 2023, each of its 1,400 private label products will have more sustainable packaging, like cardboard and paper, alternatives to plastic.

AB InBev sells two German beers

17/01/2018

AB InBev has sold German beer brands Diebels and Hasseröder, alongside its breweries, to investment fund CKCF. The new owner wants to invest more in the two beer brands.

Back to top