Electronics
Dutch e-tailer Coolblue has announced it will open its third store in Antwerp. It will be three times as big as the current store, its oldest existing store in Belgium. As such, the plans symbolise Coolblue's explosive growth in Belgium.
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Over the last three months, Ceconomy, the parent company of MediaMarkt and Saturn, has seen comparable sales increase by around 8 per cent. However, in Germany, the group's most important market, the recovery is slow.
Coolblue’s Belgian turnover grows faster than its group turnover, thanks to the opening of new stores and the roll-out to the French-speaking part of the country. The retailer belongs to the winners of the corona crisis.
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Dutch e-tailer Coolblue is to open a sixth Belgian store in Kuurne by the end of the year, its first in the coastal province of West Flanders.
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Coolblue was able to quadruple its net profit last year: it went from 15.2 to 61.1 million euros. This implies a record-breaking profit for the electronics retailer, which is aiming for an IPO.
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