Jumbo manages 26 % turnover increase | RetailDetail

Jumbo manages 26 % turnover increase

Jumbo manages 26 % turnover increase

Dutch supermarket chain Jumbo has seen its consumer turnover grow 26 % to 4.8 billion euro, mainly because of the addition of many C1000 stores. Jumbo's autonomous growth (+ 3.5 %) also outmatched the market's average (+ 0 %).

C1000 and Jumbo

Jumbo's acquisition of C1000 contributed considerably to the turnover, but as ever more stores are converted into Jumbos the chain's own turnover will continue to decrease. C1000 lost 143 stores in total, from 267 to 124, but its autonomous turnover only dropped 3 %, a result with which Jumbo Groep Holding is very happy.

 

Jumbo on the other hand will keep opening new stores and will have 500 stores in January. From that time on, it will open another 3 to 4 Jumbo stores per week, until all C1000 stores have been transformed into Jumbo stores. On top of that, its logistics network will continue expanding, while it will also focus on its omnichannel strategy in the near future.

Questions or comments? Please feel free to contact the editors


Are Chinese prisoners working for H&M and C&A?

20/02/2018

British former journalist Peter Humphrey has accused C&A and H&M of using forced labour. He claims to have seen how Shanghai prisoners were forced to work for Western chains, something the retailers will now investigate.

Chanel acquires stake in online retailer Farfetch

19/02/2018

French fashion label Chanel obtained a minority stake in British Farfetch. It wants to use the online retailer’s expertise to create more digital innovations for its own customers.

Monoprix wants to acquire web shop Sarenza

19/02/2018

Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.

Zalando expands collaboration with German retailers

16/02/2018

Zalando has further expanded its collaboration with physical retailers in Germany. Shoe stores were already able to ship through Zalando and now clothes stores can too.

Kiabi opens largest Belgian store in Westland Shopping Center

15/02/2018

French clothing chain Kiabi will open its fifth Belgian store in the Westland Shopping Center in Anderlecht. This will become its largest Belgian store to date, spread across 1,800 sqm.

H&M warns for difficult 2018

15/02/2018

Swedish fashion group H&M warns that 2018 could be yet another difficult year for the company. It is working to improve online sales, but store turnover will most likely continue to drop.

Back to top