Action is writing one of the most spectacular growth stories of any foreign distributor in France. The discount chain opened its first French store in 2012, and only seven years later it already reached the milestone of five hundred stores.
» Read more
The owner of Dutch retail chain Action, British investment company 3i, announced in its half-yearly figures that the discounter is now worth more than 10 billion euros. Last year, the value of the retailer was estimated at 'just' 6.5 billion.
» Read more
Their first Belgian store has only just opened, but already French home decoration discounter Centrakor aims for a nationwide expansion. CEO Olivier Rondolotto is already entirely convinced: a dozen stores in the French speaking part of Belgium is only the precursor to a conquest of Flanders.
Intermarché wants to further strengthen its position in Belgium, both through new stores and through the expansion of existing stores. With the new Intermarché Express brand, the musketeers are aiming at the city centres.
Investment company 3i, which owns Action, does not want to give up its interest in the non-food discounter. On the contrary, 3i even wants to expand its interest, but without paying for it itself.
Dutch non-food discounter Action has achieved a 23 % sales growth last year, ending the year at 4.21 billion euros in sales. However, that was mostly done through opening new stores: comparable growth was 'only' 3.2 %.
Investor 3i wants to keep a hold of Action after all. Even though the owner made it seem like it was looking for a buyer, 3i now denies it.
Action’s owner, investment firm 3i, aims to sell a part of the discount store chain next year. The Brits would want to sell a 35 % stake in the firm.
Action’s turnover grew 28 % last year, to 3.4 billion euro. The chain has a more international presence, but its growth pace is below that of previous years, when growth exceeded 30 %.
Store chain Action will make some changes to its top level management: merchandise director Simon Hathway will leave the company at the end of March and be replaced by Hajir Hajji, who will in turn be replaced by Bart Raeymaekers.
Tomorrow is a special day for Dutch discounter Action, as it will open its 1,000th store in Gorinchem (in the Netherlands). The number of Action stores has almost doubled in the last two years.
Dutch discount chain Action has had enormous success since its acquisition by investment firm 3i. It was the group’s best-performing company once more last year and sets its targets at a 10 billion euro turnover.
Dutch store chain Action has opened its first German distribution center near Mannheim, which will handle the entire supply chain for Germany, Austria and part of France.
According to British business bank Morgan Stanley, Benelux discounter Action is worth about 10 billion euro, a “conservative calculation”. Majority shareholder 3i’s share immediately skyrocketed.
Dutch discount chain Action had a very good year in 2016, with a 34 % turnover increase to 2.675 billion euro, mainly thanks to its enormous store network expansion.
Roland Berger’s consultants have highlighted five important trends for the future: digital competitors can become partners; low-cost chains are growing; the customer experience is becoming more important; big data’s potential is underestimated and robots are taking over stores.