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Shoe shop chain Schoenenreus in financial trouble

Thursday 10 January 2013

Budget shoe retail group Schoenenreus has filed for court protection from creditors, citing falling sales and competition from online shops.

The company has 200 branches in the Netherlands and Belgium and a workforce of 1,500. Schoenenreus is one of the biggest shoe retailers in the country, building up its position over the past few years with a string of takeovers.

According to the Financieele Dagblad, group sales reached €80m in 2010 and 2011.

The high street stores and online shop will remain open pending a possible restart, the company said.

© DutchNews.nl


Readers' Comments

Why am I not surprised!
Three pair of shoes from them this past year and on two the soles cracked at 2 months. Initially they didn't want to take them back saying it was past 14 days but eventually agreed that it was 3 months... ...and manager said she knew there was a problem with most of the shoes they sell ... ...but that most people only wear a pair of shoes for maybe a few a month and never notice.

By Gerard | 10 January 2013 5:47 PM

Maybe you could look into how 535 employees got laid off?

By delienisi | 2 February 2013 7:46 PM

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