Macintosh still cannot turn the tide | RetailDetail

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


Ahold Delhaize launches digital lab in the United States

22/05/2018

Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies. 

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Carrefour and Tencent launch high-tech store in Shanghai

22/05/2018

The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Hoegaarden moves part of production to Vietnam and China

18/05/2018

Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.

Holland & Barrett wants vegan stores

17/05/2018

British health chain Holland & Barrett (previously known in the Benelux as Essenza) plans to open completely vegan stores, a trend the chain needs to follow according to CEO Peter Aldis.

Nestlé on a diet: cuts back sugar, fat and salt levels

17/05/2018

Nestlé wants to lower its sugar, salt and fat levels to play into the global demand for healthier food.