Match to close 11 supermarkets in France | RetailDetail

Match to close 11 supermarkets in France

Match to close 11 supermarkets in France

Supermarket chain Match is to close 11 onerous supermarkets in June, which is about 8 % of its total store network. The weaker economic environment and the increased competition have resulted in this new round of store closures.

Increasing losses for Match

French magazine Linéaires has a compiled list of the supermarkets which will be forced to close: Montbéliard, Colmar, Mulhouze Stoessel, Sarre-Union, Obernai, Forbach-Est, Freyming-Merlebach, Ligny-en-Barrois, Verdun, Reims and Vitry-le-François - all in the North-East of France.

 

There are no other alternatives for these 11 stores, which have been losing money for a few years now. After the eleven store closures, Match will be left with 129 stores. According to Linéaires, "Match will publish a 1.065 billion euro turnover for 2014, while 2013 and 2012 have shown that losses are increasing - with a 29 million loss in 2013 (- 2.4 %)."

 

Cora and Match, two of Louis Delhaize's brands in France, only have a 3.3 % market share according to research company Kantar. Both brands signed a deal with Carrefour to join a purchase alliance, which became active on 1 January 2015. 

Questions or comments? Please feel free to contact the editors


Monki lets 'influencers' earn money

16/04/2018

H&M subsidiary Monki will collaborate with ‘influencers’: the fashion label will launch a global program for social media figures, who can earn money if they sell clothing.

Chinese investment group now owns fashion chain Naf Naf

12/04/2018

French fashion chain Naf Naf, part of the Vivarte group, has a new owner. A chinese group, led by fashion group La Chapelle, paid 52 million euro to acquire it.

French Connection sells Toast to Bestseller group

10/04/2018

British fashion retailer French Connection, known for its FCUK quote, has sold its Toast subsidiary to Danish clothing group Bestseller, which also owns brands like Vero Moda and Jack & Jones.

Adidas focuses entirely on online sales

10/04/2018

Adidas wants to focus more in online sales and that is why it will shut down a large number of stores worldwide.

Style guru Aldi ? Aldi Süd offers fashion advice on inspirational platform

09/04/2018

Discount chain Aldi Süd has turned into a lifestyle partner thanks to its new inspirational platform where consumers can find anything ranging from gardening tips to fashion advice.

Ssense acquires and pulls the plug on fashion platform Polyvore

09/04/2018

Polyvore, a well-known American social media network and fashion inspirational platform, has been shut down as soon as e-commerce group Ssense acquired it. The users are dismayed and immediately launched a petition.