After years of losses, Hema now experienced its second profitable quarter in a row. The department store chain is also happy with its annual turnover: it published a 1,235.5 million euro record turnover, a 3.5 % increase.
Hema will head outside of Europe for the first time ever: it will open three stores in Dubai later this year. In the next five years, the Dutch chain aims to open a sizeable number of Middle-Eastern stores.
It seems the sale of Dutch store chain Hema is not going all too well. According to local business paper FD, there are only two or three interested parties. Not a single strategic partner seems interested, only investment firms.
Store chain Hema has major plans for Germany: in the next three years, it will open at least seventy new stores, which is a huge increase compared to the eleven it currently has in the country. Hema also targets shop-in-shops and stores in train stations.
Hema wants to open another 150 stores in Spain. Following stores in Madrid and Barcelona, the Dutch chain is now targeting cities like Valencia, Bilbao, Malaga and Seville. French and German expansion are also on the to-do-list.
The main stories in the Benelux retail sector were financial results for Ahold Delhaize and Carrefour. Moreover, Hema has decided to apply its international format in its Dutch home market as well, and AB InBev has signed a deal with the world's largest beer terminal.