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Belgium gives Jumbo growth despite difficult circumstances
2 English Retail Detail

Belgium gives Jumbo growth despite difficult circumstances

In the first half of this year, Jumbo saw its sales rise 1 % to six billion euros. The Dutch retailer points out that, without “special effects” such as expiring tobacco sales, growth would be higher.

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Expansion and existing shops push Action sales 20 % higher
2 English Retail Detail

Expansion and existing shops push Action sales 20 % higher

Sales at Dutch non-food discounter Action continue to rise substantially: in the first half of 2024, they grew by more than 20 % to 6.2 billion euros. Further growth should come from Italy, among others.

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Pernod Ricard sells off Jacob’s Creek and other wines
2 English Retail Detail

Pernod Ricard sells off Jacob’s Creek and other wines

Pernod Ricard is selling its international wine brands, including Jacob’s Creek and Campo Viejo. After disappointing quarterly figures, the drinks group wants to focus more on champagnes and spirits.

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Scotch & Soda lost 14.4 million euros in the Netherlands
2 English Retail Detail

Scotch & Soda lost 14.4 million euros in the Netherlands

Scotch & Soda had been heading for bankruptcy for some time, according to the administrators’ report. The Northern European retail subsidiary was not receiving half the supply levels it needed and losses were piling up, particularly in the Nethe…

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Is Temu snatching your customers? Identifying the Temu shopper
2 English Retail Detail

Is Temu snatching your customers? Identifying the Temu shopper

Is Temu stealing away your customers? For many, the Chinese marketplace is the latest threat in e-commerce land, but who is actually using the platform? And how fast is the digital dragon really growing?

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Casa closes 25 stores in France, looks for future synergies with Swedes
2 English Retail Detail

Casa closes 25 stores in France, looks for future synergies with Swedes

Belgian home decoration chain Casa is closing 25 shops in France, following the closure of a dozen branches in the Netherlands. The near future seems to hold no closures in store for Belgium, but the chain is looking towards synergies with other chai…

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Burberry sacks CEO as sales crash
2 English Retail Detail

Burberry sacks CEO as sales crash

Burberry saw its quarterly sales plummet by 22 %, while CEO Jonathan Akeroyd had promised 2.5 years ago to double sales instead. A new CEO now has to find a different path to recovery.

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Carpetright seeks to save itself as administration comes closer
2 English Retail Detail

Carpetright seeks to save itself as administration comes closer

Carpetright is on the brink of collapse: the British carpet giant has announced plans to appoint administrators, seeking to save itself. 1,800 British jobs would be at risk, but the chain also has shops in Belgium and the Netherlands.

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Who are the men who bought Inno? A portrait of the Viking raider and the man with the rose Rolls-Royce
2 English Retail Detail

Who are the men who bought Inno? A portrait of the Viking raider and the man with the rose Rolls-Royce

Belgian department store chain Inno has found new owners, after a lengthy search. CEO Armin Devender and his management remain on board, but it is already clear that the acquirers have their own clear vision for the future. They already have plans to…

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Scandinavians take over Belgian Inno chain
2 English Retail Detail

Scandinavians take over Belgian Inno chain

Belgian department store chain Inno has has been acquired by the owner of Swedish chain Åhléns and Icelandic investment company SKEL. Together, they want to bring Inno to “many more Belgian cities”.

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Inno falls into Swedish-Icelandic hands
2 English Retail Detail

Inno falls into Swedish-Icelandic hands

Inno has found a buyer: the Belgian department store chain has been acquired by the owner of Swedish sector peer Åhléns and investment company SKEL. Together, they want to bring Inno to “many more Belgian cities”.

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Unilever cuts one in three office jobs in Europe
2 English Retail Detail

Unilever cuts one in three office jobs in Europe

Unilever plans to cut one in three jobs in its European offices. This would amount to 3,200 fewer jobs. The brand manufacturer has not yet specified where the cuts are going to take place.

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CFO Marjolein Frederickx new CEO Lidl BeLux
2 English Retail Detail

CFO Marjolein Frederickx new CEO Lidl BeLux

Lidl has appointed CFO Marjolein Frederickx as its new CEO for Belgium and Luxembourg. She succeeds Matúš Gála, who is moving to the German discounter’s international headquarters.

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This is what legumes can do to tackle climate change effects
2 English Retail Detail

This is what legumes can do to tackle climate change effects

Climate change is bound to change the way we eat: the volatility of harvests will lead to a greater instability of supplies. HAK sees in legumes the way forward, not in the least as meat substitutes.

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HAK wants to bring legumes and seasonal vegetables to the menu
2 English Retail Detail

HAK wants to bring legumes and seasonal vegetables to the menu

Climate change is bound to change the way we eat. The volatility of harvests will lead to greater instability of supply, but HAK is also arguing for an increase in legumes as meat substitutes.

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Turnaround in sports fashion sees Adidas and Nike switch roles
2 English Retail Detail

Turnaround in sports fashion sees Adidas and Nike switch roles

Adidas appears to benefit from the downturn at rival Nike: it seems to recover from a tough period and expects solid second quarter results with the highest profit margin in three years. The contrast with Nike is stark: the latter recently predicted…

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Uniqlo beats the current, raises profit forecast
2 English Retail Detail

Uniqlo beats the current, raises profit forecast

Japanese fashion giant Fast Retailing has raised its profit forecasts as its financial year is going better than expected. The Uniqlo owner plans to double its number of Dutch stores this autumn, looking to grow aggressively abroad.

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Halal tourism: a prime example of boundary-pushing retail
2 English Retail Detail

Halal tourism: a prime example of boundary-pushing retail

Antwerp has a new hotspot for tourists, and for locals it may be a very surprising one. The neighbourhood Kiel has not been the most prosperous one for a few decades, but now it is a bustling commercial area thanks to halal tourism. But what exactly…

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Claes Retail Group improves profits despite flat sales
2 English Retail Detail

Claes Retail Group improves profits despite flat sales

The Belgian Claes Retail Group (CRG) has achieved stable sales in 2023, despite difficult conditions in the retail sector. However, the group above fashion chains CKS, JBC and Mayerline did manage to boost its profits.

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