Orchestra-Prémaman's yearly turnover up 12 % | RetailDetail

Orchestra-Prémaman's yearly turnover up 12 %

Orchestra-Prémaman's yearly turnover up 12 %

French baby and children's retailer Orchestra-Prémaman has realized a 513 million turnover in its fiscal year 2014-2015, up 11.8 % compared to the year before. Its 2014 expansion has definitely paid off.

Over 18 % growth in fourth quarter

The fourth quarter, 3 months leading up to 28 February, was exceptionally good for Orchestra-Prémaman: the children's specialist managed an 18.2 % year-on-year turnover growth, worth 126.2 million euro in sales for the quarter. The opening of 14 new stores has helped realize this growth, but its excellent web shop sales have also contributed: its eCommerce division grew 104.4 % to 4.5 million euro in turnover.

 

For its full fiscal year, turnover grew to 513.3 million euro. French sales were up 12 % and still represent 65 % of the group's total turnover, while growth elsewhere reached 11.5 %. Orchestra-Prémaman is currently active in 50 countries worldwide.

 

CEO Stéphane Ruiz emphasized "further profitability growth and debt reduction, the recovery of the Prémaman Group (which was bought in 2012) and the transformation of the Home Market network, which it acquired in May 2014" as the focal points of its current fiscal year.

Questions or comments? Please feel free to contact the editors


Carrefour Belgium launches personal shoppers with 90 minutes delivery

19/07/2018

In the intense struggle for the customers' favour, Carrefour Belgium has presented a new service - featuring personal shoppers, delivery within 90 minutes and an app that can be expanded into a market place.

Cultured meat in stores by 2021?

18/07/2018

Commercialization of laboratory cultured meat is coming closer. Pioneer Mosa Meat has raised 7.5 million euros for the construction of a factory that will bring an affordable product to the market within three years.

Aldi commits to renewable energy

17/07/2018

Aldi Nord has published an ambitious international climate policy: the retailer wants to reduce greenhouse gas emissions by 40% by 2021 and reveals some compelling figures in its second sustainability report.

Discounters' major opportunities for growth in Western Europe

16/07/2018

Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value

16/07/2018

Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.