Sizeable turnover increase for Coolblue

Sizeable turnover increase for Coolblue

Sizeable turnover increase for Coolblue

Online shop Coolblue’s turnover grew an astonishing 38 % last year, up to 1.2 billion euro. Its operational cashflow grew to 21 million euro, thanks to a sizeable investment program.

 

“Very, very, very, very, very, very best Coolblue year”

2017 was a performant year for Coolblue: it added three mega halls, grouped its two distribution centers, opened eight household appliance depots and put a new package machine to work. At the same time, the company invested to expand its delivery service: CoolblueBezorgt currently has 150 buses, 600 delivery people and 8 warehouses spread across the Netherlands and Belgium. The company also ventured into Brussels and the Walloon market for the first time last year. Finally, it also introduced a new store formula in Amsterdam and The Hague.

 

Its 38 % turnover growth in 2017 was not as high as its + 50 % performances in 2016 and 2015, but when one looks at the numbers, growing from 857 million to 1.2 billion euro is the largest growth up until now.

 

It therefore makes full sense that CEO Pieter Zwart talks about the “very, very, very, very, very, very best Coolblue year ever. We have generated our largest turnover increase since our foundation and have never added this many customers. For that, I wish to thank the 3,500 Coolblue employees.” The CEO targets a 25 % turnover growth for 2018, which would elevate turnover to 1.5 billion euro.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Stop overregulation blocking retailers delivering value for consumers

20/04/2018

(content provided by EuroCommerce) In an initial response to the Commission Communication: A European retail sector fit for the 21st century, published today, EuroCommerce approves of the Commission's stance against overregulation.

The Future Of Shopping wins Management Book of the Year award

20/04/2018

RetailDetail can proudly announce that “The Future of Shopping: Waar iedereen retailer is” (The Future of Shopping: where everyone is a retailer), written by Pauline Neerman and Jorg Snoeck, is 2018’s management book of the year.

Heineken and Bavaria seek fortune outside of Europe

19/04/2018

Even though the European beer market continues to struggle, Dutch brewery groups Heineken and Bavaria have published growing turnovers. Bavaria set a record turnover, Heineken raised its turnover 4.3 % in the past quarter.

100 million Prime subscribers for Amazon

19/04/2018

Ecommerce giant Amazon surpassed the 100 million Prime subscriber mark, just one of the many milestones CEO Jeff Bezos mentioned in his annual shareholder briefing.

Danone boasts strongest like-for-like turnover increase in past five years

19/04/2018

French food giant Danone’s first quarter was an impressive one: like-for-like turnover grew 4.9 %, its best performance in the past five years.

Distributors and transport industry demand cleaner trucks

19/04/2018

35 companies, including Colruyt, Carrefour and Ikea have asked Europe to force truck manufacturers to lower their emissions 25 % by 2025. “Totally unrealistic”, the manufacturers’ spokesperson said.