Action chain continues to grow in Europe, despite all economic uncertainty. The Dutch discounter opened 125 new branches this year, which means that the counter now exceeds three thousand. More and more customers are also being added in existing stores.
This is according to figures for the first six months of this year. The revenues grew by almost 18 percent to 7.3 billion euros in the first half of the year.
The turnover growth is mainly due to the arrival of new stores. If you only look at branches that were already open in the same period last year, sales grew by just under 7 percent.
Action currently has 3,043 branches spread over thirteen countries. The 3,000th store opened in Italy on 5 June. Earlier this year the chain started his first case in Switzerland. The opening of the first location in Romania is planned for 24 September. Action expects to open more than two hundred stores in the second half of this year.
Action celebrated the milestone of three thousand stores by giving employees a one-off net benefit of a maximum of 300 euros and a special anniversary gift.
Action benefits from Trade War
Not only the turnover went up, the profit also rose. It went from 843 million euros in the first half of last year to 980 million this year. That is an increase of more than 16 percent.
Also plays a role that Action can buy more cheaper. This is due to the trade war that the United States started. Because of the American import duties, Chinese suppliers can store fewer things to the Americans and are willing to deliver to European companies at more favorable prices.
Retail Chain Action Continues to Grow in Europe, Despite All the Economic Uncertainty. The Dutch Discounter Opened 125 New Stores This Year, Bringing the Total To Over Three Thousand. Existing stores are also seeing more and more customers.
This is accordance to figures for the first six months of this year. Revenues grew by Almost 18 percent in the first half of the year to 7.3 Billion Euros.
The Revenue Growth is Mainly Due to the Arrival of New Stores. If you only look at locations that were already open in the same period last year, revenue grew by just under 7 percent.
Action Currently HAS 3.043 Stores, Spread Across Thirteen Countries. The 3000th Store Opened on June 5 in Italy. Earlier This Year, The Chain started its first store in Switzerland. The Opening of the First Location in Romania is Scheduled for September 24. Action expects to open more than two hundred more stores in the second half of this year.
Action Celebrated the Milestone of Three Thousand Stores by Giving Employees A One-Time Net Payment of Up to 300 euros and a Special Anniversary Gift.
Action Benefits from Trade War
Not only Did Revenue Increase, But Profit also Rose. It Went from 843 Million euros in the first half or last year to 980 Million this year. That is an increase of more than 16 percent.
Another Factor is that action can purchase more cheaply. This is due to the trade war started by the united States. Due to the American Import Duties, Chinese Suppliers Can Sell Goods to the Americans and Are Willing to Supply to European Companies at More Favorable Prices.