Nearly three years after being declared bankrupt, retailer V&D is back, but only as an online store. The online store is focused on the "interests of active over 40 year olds, such as travel, hobbies, health, lifestyle, gardening and fashion", AD reports.
The V&D brand name is getting another chance. The bankruptcy administrators reached an agreement with three entrepreneurs about taking over the brand rights. They plan to open a V&D online store
Ronald van Zetten, CEO of Dutch department store Hema, is resigning after 12 years, Trouw reports. His resignation takes effect on April 13th, the company announced on Wednesday.
Fans of the Dutch store Hema living in Spain and the United Kingdom will be excited to hear that the department store/supermarket is expanding into those countries. The announcement was made by CEO Ronald van Zetten on the t.v. show Nieuwsuur.
The store chain HEMA had a net profit of 6.4 million euro in 2012, while in 2011 it had a net profit of 11.4 million. The turnover increased by 0.3 percent to 1.153 billion euro. This was reported on Wednesday.
HEMA has had to deal with a worsening economy, a decrease in consumer confidence and the VAT increase, which put pressure on the margins. In light of the circumstances, chairman Ronald van Zetten thinks HEMA has done well.