Jumbo 2018 H1: +3.8% to €3.9bn

Date : 24 August 2018

Netherlands-based Jumbo has released its results for the first half of 2018, reporting that consumer turnover rose by 3.8% to €3.9bn. During this period, the retailer opened six new stores and refurbished a further 29 stores.

La Place: +30% to €78.5m

La Place turnover increased by 30% to €78.5m in the first half, as the restaurant chain opened six new restaurants in the Netherlands and internationally.

New ecommerce fulfilment centre launched

Elsewhere, Jumbo said that ‘the turnover of orders ordered online via Jumbo.com and the Jumbo app increased by no less than two thirds in the first half of 2018’. This has seen a second ecommerce fulfilment centre open in May 2018 to add extra online capacity.

…As Jumbo plans to acquire Smulweb recipe platform

In related news, Jumbo ‘intends to take over the popular food and recipe platform Smulweb’ later this month. The Smulweb platform receives three million unique hits monthly. Jumbo hopes that the acquisition will give it better insight on customer ‘wishes, needs, ideas and tips’.

Jumbo to grow its supermarket presence this autumn…

As of this autumn, Jumbo will begin converting its newly acquired EMTÉ supermarkets. CEO Fritz van Eerd said, ‘This expansion is another milestone and a great step in the development of our family business. This allows us to continue to build on our omnichannel strategy, which aims to be available to as many places as possible and at as many moments as possible for all our customers. On 19 September Jumbo will open the doors of the first renovated EMTÉ store in Nijmegen’.

…With new Jumbo Foodmarkt and Jumbo City stores to open too

Jumbo is to also open two new Foodmarkt stores in the second half of the year in Tilburg and Groningen.

These stores are larger than those in Jumbo’s core estate and focus on an elevated foodservice offer, appealing to multiple shopper missions. We visited a Jumbo Foodmarkt concept that opened in May 2018. IGD Retail Analysis subscribers can read our exclusive store visit report here.

 

Meanwhile, an additional Jumbo City store is due to open in Nijmegen. The first Jumbo City store opened in late 2017 in Eindhoven. See our take view on Jumbo City in an extract of this insight presentation Netherlands: 10 stores to see in 2018.

 …While Jumbo takes next steps in Belgium market entry

Meanwhile, Jumbo has contracted its first supermarket locations in Belgium and ‘is currently building a dedicated organization for Jumbo Belgium … to make the introduction on the Belgian market a success’.

We’ve been in Belgium recently to see some of the latest innovations from the country’s leading retailers, Colruyt, Ahold Delhaize, Carrefour and more. Explore the highlights here in, ‘Five reasons to visit Belgium’.

Source: IGD Research