A German discounter clothing operating in Poland a network of stores closed some locations. Deterioration of indicators of profitability explain including increased minimum wages
and high inflation.
Read more
Giant wear bankrupts after 175 years.
Takeover or liquidation
Big clothing chain closes stores in Poland
Takko Fashion is German chain founded in 1982 year. Today it employs about 18 thousand employees. It sells a wide range of clothing – from baby clothes and children’s fashion for the youngest, to women’s and men’s clothing.
It has about 2000 stores in 17 countries in Europe. In Poland the retailer appeared in 2008 year. How is performing?
Takko Fashion closes 7 stores, opens 1
The company Takko Fashion Poland has its site in Wrocław, its primary activity is retail sales of clothing. Capital of company amounts 31.15 million PLN.
In the turnover year ended 31.01.2024 the company closed 2 stores, while one new store was opened in New Sącz. At the end January 2024 year, the network had 46 stores located in the area of the whole country.
Today according to data from the website network, there are 41 of them, which means there are an additional 5 shops.
Big loss operation of German discounter
And how are the finances of the network? In the turnover year ending 31.01.2024 the company increased revenue by 5.6% from 84.6 million to 89.3 million
zlotys. The company recorded a loss from operating activities in of 0.7 million gold in comparison to gain of 0.2 million gold in the previous year. Loss net was 0.05 million zlotys against loss of 0.83 million zlotys in the previous year.
At day 31.01.2024 year. value of assets and liabilities was 28,933 thousand £, that same in last year the company recorded a decrease of assets and liabilities by 23.5%.
Increase in pay minimum one of the causes of deterioration of profitability
– The deterioration of profitability indicators was a accidental of some factors, withthe principal of which was the general macroeconomic situation in the country (including. increase in minimum wage, high inflation), and also lower than assumed profitability of newly opened stores. In the next turn year 2024-25 the management plans further stable development of the enterprise. In purpose of achieving set budget goals the management plans to take activities to
improve profitability of stores and strengthen the position of the company on market -. translates the company.
The company received from the
owner letter of support, in which Takko Holding GmbH committed to support the company in the event of liquidity problems for a
periodof15monthsfromdate28May2024year.
.
