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Macintosh reports small turnover rise in FY2012

By FashionUnited

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Macintosh Retail Group reported a negative net result in 2012

of -126.0 million euro. The non-food retailer that operates 254 Brantano and Steve Madden shoe stores in the UK made a small rise in turnover of 2.1 percent to 893.2 million euro. Net operating profit was half of the previous year and amounted to 10 million euro in 2012 (22 million in 2011). Offline shoe sales rose in the UK by 1.6 percent. Where in the Netherlands and Belgium they dropped by 4.3 and 0.6 percent respectively.

“In 2012 we accelerated our transformation from a traditional retail business to a cross-channel retailer, a process we have been engaged in since the beginning of 2011. This involved a considerable amount of attention to commercial and organisational adjustments," CEO Frank De Moor said in a statement. De Moor: "We will continue our policy to invest in the places that still generate most of our customer revenues, namely our physical stores. Traditional bricks-and-mortar stores are an important element in our cross-channel approach. For example, 2012 saw the successful roll-out of the smaller-scale Brantano UK format."

The Fashion sector achieved a rise in turnover of 34.1 million euro (+5.1 percent), largely due to the full-year consolidation of Jones Bootmaker and the full-year inclusion of results from Intreza and Steve Madden, both activities which were started up in 2011. The pound sterling exchange rate effect was another major positive impact (+13.1 million euro). Within Fashion, Fashion BeLux and Fashion UK performed better than in 2011, with turnover figures rising in both countries. Fashion NL was confronted with pressure on turnover for all formats (with the exception of PRO 0031), mainly caused by a fall in visitor numbers. Turnover in the sector Living went down by 7.7 percent.
Brantano
Jones Bootmaker
Macintosh