The arrival of Amazon in the Netherlands can mean more bankruptcies in the Dutch retail landscape, credit insurer Atradius said in a forecast on Wednesday. The American online giant's appearance in the Dutch market will put extra price pressure on retailers, meaning bad news for the weaker players, said Edwin Kuhlma, head of risk management at Atradius Nederland, NU.nl reports.
With nearly a third of grocery stores open on Christmas Day in the Netherlands this year, and over two-thirds in Amsterdam, Rotterdam, and The Hague, there is growing concern about the increased pressure placed on retail workers during the December holiday season. The Netherlands is becoming increasingly influenced by foreign holidays and shopping behavior, and that is having a negative impact on work environments in the retail sector, suggests FNV union leader Linda Vermeulen.
The new owners of toy store chain Intertoys are closing another 60 branches, the company said on Thursday. A total of 150 stores will close, and the group will continue with over 230 stores, around 100 of which are franchises, NU.nl reports.
Entrepreneurs in retail, hospitality, recreation, agriculture, and horticulture, among others, are protesting against the Labor Market in Balance Act, which is making temporary work more expensive. They will hand a manifesto with their concerns to the permanent parliamentary committee for social affairs and employment on Tuesday afternoon, NU.nl reports.
Over 13 million Dutch spent a total of 22.51 billion euros on online purchases in 2017, 13 percent more than in 2016, according to the latest figures from Thuiswinkel Market Monitor. Last year 95 percent of Dutch made at least one online purchase, AD reports.
According to Wijnand Jongen, director of Thuijswinkel.org, online shopping "is becoming increasingly important within the Dutch retail world". Within the retail sector, the share of online shopping is now almost 10 percent.
Japanese clothing brand Uniqlo is heading to the Netherlands. Its first store is opening on Kalverstraat in Amsterdam this fall, the company announced in a press statement.
The chain is known for good quality clothing at relatively low prices, and caters to people of all sizes. Uniqlo wants to compete with H&M and Zara, according to RTL Z.
Dutch people increasingly shop online, according to Statistics Netherlands. The online purchase of food products in particular increased sharply.
This year 76 percent of Dutch aged 12 and older made at least one online purchase, compared to 73 percent last year. Dutch consumers also buy online more often. Clothing is most often bought online, with 52 percent of Dutch having purchased clothing online at least once this year. Tickets to events come in second place with 45 percent.
American online retail giant Amazon expanded its offerings for the Netherlands on Wednesday, a long-awaited move that opens up Amazon Prime video streaming and next-day shipping for its customers. Amazon announced the move in a press release at the time of its launch.
With Amazon Prime, the Dutch consumers now have full access to some two million items displayed in the online store, half of which will be delivered free of charge the day after the order is placed. The rest will be available in two days.
Hema is for sale, owner Lion Capital announced with the retail chain's quarterly figures on Thursday. In the second quarter, Hema's turnover increased, but the company still suffered a loss. Lion Capital is examining the strategic options, including selling the company. An adviser for the sale has already been appointed - Swiss bank Credit Suisse, RTL Nieuws reports.
Economists at ING expect fewer bankruptcies next year. According to a report published by the ING Economic Bureau on Tuesday, the number of businesses filing for bankruptcy is expected to decrease by 10 percent in 2017 compared to 2016. The Dutch retail sector also seems to be reviving.
Sinterklaas spent nearly 1.3 billion euros shopping online for gifts this year. That is an increase of 35 percent compared to the online spending around the Sinterklaas celebrations last year, according to a study by PostNL and Thuiswinkel.org, AD reports
"Between 1 November and 5 December, the average weekly turnover is over 250 million euros", according to the researchers. "For the total Sinterklaas period the turnover comes down to 1.26 billion euros. That means an increase of 35 percent compared to the only sales of 933 million euros in the same period in 2015".
Clothing chain MS Mode applied for suspension of payment for its 130 branches in the Netherlands, the company announced no Friday
The number of online shoppers in the Netherlands doubled over the past decade, with 71 percent of Dutch now doing at least some of their shopping online, according to figures from Statistics Netherlands.
The retail sector in the Netherlands started 2016 with a 1.6 percent turnover increase in the first quarter. The growth mostly attributable to online stores and the food industry, according to figures Statistics Netherlands released on Friday.
Benefits agency UWV expects that the economic recovery will continue to mean an increase in the demand for labor this year and next year. UWV expects the number of jobs to grow by 1.1 percent this year and 0.9 percent in 2017, totalling in 200 thousand new jobs, according to the agency's latest forecast
Canadian department store chain Hudson's Bay confirmed its first four branches in the Netherlands. They will be in Amsterdam, Tilburg and Breda. The company is also opening a Saks OFF 5th store in Amsterdam
Canadian department store company Hudson's Bay plans to become a major player in the Netherlands - the company plans to open some 20 department stores in the Dutch market in the coming years, NOS reports based on sources.
The mood among Dutch entrepreneurs was upbeat and positive at the start of the second season. Businesses in the Netherlands continue to recover from the financial crisis, including small- and medium sized enterprises.
The ban on free plastic shopping bags, implemented on January 1st, is bearing fruit of success. Since the implementation, all retailers report a decrease in plastic bag consumption of at least 50 percent, some large retailers even go as far as 85 percent, Trouw reports based on own investigation.
The Canadian owner of luxury department store Saks Fifth Avenue is negotiating opening a branch on the Rokin in Amsterdam. This means that the plans for a private luxury department store in the building, The Haussmann, are definitely off the table, Haussmann director Louis Bianchi said to Het Parool.
Frustration among a throng of shoppers turned into a fight at the final liquidation sale of a V&D department store location in Rijswijk, Zuid-Holland. The store, which had a massive number of people trying to get inside during the day, was forced to shut its doors early when police arrived on the scene.
A plan submitted by British retail firm JD Sports Fashion Plc to take over beleaguered Dutch stores Perry Sport and Aktiesport won approval by the administrator in the Netherlands handling the bankruptcy of their parent firm, Unlimited Sports Group (USG). Most stores will remain open under terms of the deal, and most of the employees will retain their jobs, the administrator announced on Wednesday.
A suspected burglar was arrested early Saturday morning after breaking into an Albert Heijn store in Nijmegen and stealing four dozen mini vegetable garden kits, the police there reported on Sunday. The popular kits are given away as a promotion to paying customers.
"Disappointment in thousands of capital letters", is how union CNV refers to bankrupt retail chain V&D's collapse after nearly 130 years of business. The 62 V&D stores were closed from Monday. The plan to rescue the in-trouble retailer fell apart on Tuesday. And from Wednesday about 8 thousand employees are out on the street.