As a side dish to the release of its financial results this week, Dutch supermarket chain Jumbo finally admitted to having secured its first locations in Belgium. Due to launch next year, which challenges will Jumbo's Belgian stores face?
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Dutch Jumbo Groep Holding has made a management reshuffle, with Peter Isaac becoming the new managing director of the group's Belgian branch. Bart van den Nieuwenhof meanwhile is set to leave the group's restaurant chain La Place.
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Dutch supermarket chain Jumbo has made another important step towards its expansion in Belgium: it has founded the company "bvba Jumbo Belgium".
Jumbo and Coop have announced how they will split the Emté supermarkets they have acquired. 79 will go to Jumbo and 51 will become Coop supermarkets.
It was no secret that Jumbo was looking at Belgium, but the Dutch supermarket chain has now put up a job position for someone who has to look for ideal store locations.
Sligro Food Group sold its struggling supermarket chain Emté to a group which consists of supermarket companies Jumbo and Coop.
Dutch supermarket chain Jumbo was not eager to divulge the extent of its ambitions for the upcoming expansion to Belgium, but RetailDetail has found out that real estate agents have been asked to procure no fewer than thirty locations by 2019.
Budget private labels are not the right strategy to fight off hard discounters, according to the International Private Label Consult (IPLC). Their inferior quality damages a supermarket's brand image and its margins are dwindling.
V&D and La Place's guardians informed they have been unable to relaunch the V&D department stores. This means that only the external La Place locations were sold to Jumbo and that the intended V&D Group relaunch failed.
A high-low model or fixed low prices, the choice is a well-known retail conundrum. Several European supermarket chains seem to want to get rid of the very large discounts, but is that actually a realistic ambition to have?