Profitability is important
Brantano’s board has not confirmed the labour unions’s statements, but has mentioned the group will “consider each store’s profitability when rental agreements are up for consideration”. Online sales will probably also impact the final decision, while a soft winter has lowered demand for particular shoes.
Dutch Macintosh Retail Group, Brantano’s owner, is restructuring its assets on the whole. It has already scrapped Scapino Belgium, although it will probably not go like that for Brantanto as the group has performed well in the first half of the year, with a 4.2 % turnover increase.
