In its second quarter, Hema show up to 30.1 million euros the loss. The sales declined in the quarter by 1.4 percent, despite store openings in the UK and France.
Adjustment corporate cost sales
The new stores to the second quarter Hema partially make up only: comparable store sales decreased 4.6 percent, while total sales due to the expansion amounted to a decline of “only” 1.4 percent ( 247.6 million) compared with a year earlier
The loss of the department store chain went further up:.’s net loss came in at 30.1 million euros, where in the same period the year before ending 7.6 million euros in the red. The EBITDA dropped again by 22 percent to 18.4 million euros.
The cause Hema shows the adaptation of the style it has carried in the past quarter. Domestic market in Netherlands The shops remained as open as normal, but the work of the sales would have fallen sharply.
Positive statement about notary services
The announcement of the results showed Hema also know that two franchise business owners have sued the chain, because they claim to be for an amount of less than 29 million from the marketing and strategy fund of the company. law litigation This should include to help pay marketing campaigns and is funded by suppliers Hema. However, the retailer has announced that it will defend itself. Against the charge
Well good news came from the disciplinary, who sees no problem with Hema plunges on selling wills and cohabitation contracts. The Royal Notarial Association (KNB) had filed a complaint against the notary service of the chain, because they felt that Hema does not meet the ‘duty of care’ by notaries.
However, the court ruled differently and let Hema just continue with his notary services. The KNB has already announced it will appeal the decision.
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