Dutch supermarket chain Albert Heijn wants to simplify its organisation and cuts 150 managers' posts. They are redirected to other jobs in the company, that emphasises it does not want to lay off anyone.
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Due to continuous problems with Matratzen Concord, Dutch bed selling chain Beter Bed is looking into a sale of its German branch.
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German Ceconomy, the holding that includes MediaMarkt and Saturn, has had a tough quarter due to negative currency and calendar effects. Still, the company reaffirms its prospects for the rest of the year.
Galeria Kaufhof Karstadt CEO Stephan Fanderl has announced that measures will be taken to turn the tide at the Dutch branch of the Hudson's Bay chain.
The Auchan group is going through tough times: the French distribution giant was forced to admit to a loss of 1.1 billion euros in early March. A major reorganisation is about to begin.
After reporting a net loss of 1.145 billion euros in 2018, French retail group Auchan has now announced a cost cutting plan for its hypermarkets, including major restructurings.
French electronics and books chain Fnac has announced a restructuring in Belgium that will cost 57 people their job (12 % of the work force), as turnover continues to slide.
American shoe giant Payless has announced a major reorganisation: all 2,500 stores in the United States and Canada will be closed. Outlets in other countries will remain open.
French supermarket group Casino continues to sell its stores: the company has sold 33 supermarkets to Lidl and one Geant hypermarket to rival E.Leclerc.
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.
British fashion chain New Look is going through a difficult time: after closing its 130 stores in China, now its stores in Belgium, France and Portugal may follow suit.
Ikea will be cutting 150 jobs, some of them in the Belgian and Dutch branches as well. The plan is part of a major reorganisation effort to help prepare the furniture giant for the growing competition of large e-commerce players.
Unilever Belgium will restructure its team of store representatives and cut eleven jobs. The company confirmed that to RetailDetail.
Luciano Benetton, founder of the Italian fashion chain, will take back control at the age of 82. He wants to return his company to its former glory: “The decay is unbearable”, he announced in the La Repubblica paper.
Dairy manufacturer Danone is to optimize its European organization: Belgium, the Netherlands, the United Kingdom and Ireland are to form one cluster. Kris Geeraert, general manager Benelux, will leave the company.
Pressured by the ever-growing online competition and a huge debt, BCBG Max Azria Group will execute a restructuring plan. It is unclear how many of the 570 stores worldwide, including 3 in the Benelux, will remain open.