Belgian fashion chain ZEB has announced a venture into a new market segment: with 'Zeb for Stars' the multi-brand retailer wants to expand into children's fashion and sees possibilities for up to twenty stores. .
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After a turnover decrease in 2017, Danish toy manufacturer Lego saw its turnover and its profit improve once more in 2018, thanks to a double-digit growth in China.
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French retail giant Carrefour has seen its comparable turnover grow 1.4 % in the past year, to 84.916 billion euros. Excluding non-recurring events (such as selling the Dia chain), net profits ended at 802 million euros (+ 3.75 %).
Costs keep accumulating at Belgian lingerie group Van de Velde, but the company will just have to see it through, says to CEO Marleen Vaesen. She is adamant digitisation is necessary and will prove fruitful.
Ahold Delhaize's decent financial results in 2018 came not only courtesy of its online activities, but also of its supermarkets in Belgium, the Netherlands and the United States. The difficulties stemming from the merger have been resolved and the chain is now ready for the future, says CEO Frans Muller.
In the first half of its financial year 2018-2019, fashion chain Esprit once more saw its turnover decrease and its losses accumulate. The company will keep cutting costs, hoping to break even again within two to three years.
Food manufacturer Kraft Heinz is having a miserable time: a billion dollar net loss is coinciding with a investigation into the company's accounting and a German boycott. Shareholders did not take kindly to the matter.
Henkel has had a bad financial year: the German company's turnover went down 0.6 % at 19.9 billion euros due to negative exchange rate effects), while net profits went down by 8.3 % to 2.33 billion euros.
Despite difficult circumstances, Fnac Darty has finished 2018 with a small turnover growth and a 20 % profit increase. Sales improved in the Benelux as well, even after seven BCC stores were closed in the Netherlands.
Food giant PepsiCo has launched a new restructuring plan: the company will be closing factories and save on employee costs to reinforce its decreasing profitability.
In December, retail turnover in the United States went down 1.2 % to 505.8 billion dollars (450 billion euros). Analysts were expecting improvement, but instead saw the biggest dip in ten years.
Retail real estate giant Unibail-Rodamco-Westfield managed to generate higher profits in 2018 than predicted. For the next two years, the group intends to dispose of four billion euros worth of shopping centres, mostly in continental Europe.
Lidl is still serious about its international ambitions: the German discounter has reported strong growth figures and is moving onto new markets. That expansion comes at a cost, however: it affects profits.
Kingfisher, Europe's second largest group of DIY chains, is leaving Portugal, Russia and Spain. The group wants to focus on its primary markets, including France, where their Castorama chain is struggling.