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


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top