Strong growth at Jumbo

Date : 31 August 2017

Dutch retailer Jumbo has released its first half 2017 results with sales increasing 4.7% to €3.8bn.  The retailer has been growing across several areas, with store renewal programmes, the launch of city concept convenience stores and expansion of its online activities.

Like for like drives performance

With stores static at 580, Jumbo's like for like growth stood at 4.0% giving it a solid foundation for further development. It has been working on improving its store portfolio with the renewal of 14 stores, the closure of four stores and the opening of four new stores. It expects to open eight new stores in the second half with the renewal of a further 18 outlets.

Online expansion

Jumbo hopes to become the leading omnichannel retailer in the Netherlands. Over the half it increased pick up points for online shopping to 360 as well as having 200 locations delivering to homes and a stated doubling of its online sales. It believes that this growth is inline with this ambition. Jumbo has also set up a 'Tech Campus' to focus on the development of customer-friendly digital apps. 

Building foodservice operations

The La Place restaurant chain saw sales increase 29% to €60m in the first half and with future growth plans to open new restaurants in department stores across the Netherlands as well as international expansion in Paris and Madrid. It is also focussing on innovative responses to food trends as well as integrating retail intiatives into its foodservice outlets with  Bart van den Nieuwenhof, Managing Director of La Place commenting: "The synergy between La Place and Jumbo clearly begins to shed fruit. The new concept for in-house convenience stores, which brings together elements of both La Place and Jumbo, is a great example."