For the third year in a row, Homefashion Group, owner of Dutch home furnishings chains Leen Bakker and Kwantum, has suffered millions in losses. This is evident from its annual report for 2024.
Results continue to deteriorate
A challenging retail environment and increased costs for transport, wages, energy, and rent are playing havoc with Home Fashion Group. The retailer’s turnover fell from €621 million in 2023 to €587.3 million in 2024. The loss amounted to €31.8 million. This means that the group has been in the red for the third year in a row: in 2022, there was a loss of €25.2 million, and in 2023, the loss amounted to €35.5 million. The figures come from the company’s recently filed preliminary annual report, which Retailtrends was able to review.
