Hema has become profitable again: after improved net losses in the past quarters, the Dutch chain has managed to become profitable again in the third quarter.
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Dutch Hema has opened its first Belgian flagship store in Brussels, based on its international store formula. It will open a similar store in Antwerp by the end of the week.
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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.
Lion Capital has approached business bank Credit Suisse to look into “strategic options” for Hema, which basically means it has to find an interested buyer for the Dutch store chain.
Dutch department store chain Hema is looking at its options to counter retail giant Alibaba’s Hema supermarket chain, which operates in China and currently has thirteen stores.
Dutch store chain Hema has finally managed to turn the tide according to the first quarter results it recently published: turnover grew and the net loss dropped.
Investment firm Lion Capital is preparing another attempt to sell HEMA. It will now contact bankers, lawyers and communication specialists to help it offload the Dutch company.
Dutch store chain Hema managed to lower its 2016 losses significantly when compared to 2015. Full-year turnover grew nearly 5 %, thanks to increased clothing sales and its new store formula.
Dutch store chain Hema appointed Raph Schroder as its new head of eCommerce, succeeding Tico Schneider, who is now responsible for every Dutch Hema store.
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.
Dutch store chain Hema's third quarter net turnover grew nearly 3 % and its like-for-like consumer turnover also went up slightly.
Dutch chain Hema still struggles in Belgium: over the past quarter, turnover in Belgium (and Luxembourg) dropped 4.5 %, after it had already dropped 0.4 % last year. However, overall, the company performed very well.
Hema plans to trial its Spanish store formula in the Netherlands, as Spanish consumers buy more than their Dutch counterparts. At first, the formula will be tested in six stores.
Dutch chain Hema is to launch a new international mobile website and means to speed up the delivery chain to same-day delivery and 24h pick-up in stores.