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

Délifrance joins FFC's portfolio


Dutch Franchise Friendly ConceptsDélifrance Benelux acquisition is in full swing. The franchise organization will obtain the French sandwich chain’s Benelux master franchisee on 1 April.

IKEA has developed actual "bug burger"


SPACE10, furniture giant Ikea’s innovation lab, will present a healthy alternative to the classic hamburger, where the meat is replaced by red beets and mealworm. It is also working on a “dogless hotdog”;

Supermarkets' price difference with neighbouring countries grows


Belgian supermarkets are increasingly more expensive than those in neighbouring countries according to Prijzenobservatorium’s research. Shoppers in France, Germany and the Netherlands quickly pay 10 % less.

Delhaize opens innovative new store in Bucharest


Romanian supermarket chain Mega Image, part of Belgian-Dutch Ahold Delhaize, has opened a new concept store in the centre of Bucharest. The store claims to offer a new level of shopping experience in the heart of the city.

“Meat industry ready for disruption”


Consumers are ready, the technology is rapidly advancing and investors see the potential: meat replacement turnover will reach 4.2 billion euro worldwide by 2020. The major multinationals are now also on board.

Aldi wants to open stores in China


Aldi has had an online presence in China for a year now, but the German discounter is now planning to open a physical store network there as well. Within a few years’ time, it should have fifty different stores.

Back to top