Retail group Hema books loss for third quarter in succession

HEMA department storeHigh street retail group Hema on Wednesday announced a net loss of €14.8m in the third quarter, compared with a €4.6m loss in the year earlier period.

Turnover in the third quarter fell from €281m to €271m. The first nine months of the year saw turnover fall by €14.4m to €774.9m, giving a net loss of €67.1m.

CEO Ronald van Zetten said in a statement that it had been ‘a challenging quarter’ but that the group had performed ‘in line with the Dutch retail market which is still not in recovery’.

Last month, Hema was voted the ‘most unmissable’ Dutch brand for the seventh year in a row.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation