Dutch retailer Blokker to close 100 stores next year
Dutch retailer Blokker has revealed plans to close 100 unprofitable stores next April as part of a restructuring plan.
The stores to be closed include Xenos, Big Bazar, Leen Bakker, Maxi Toys and Intertoys brands. The retailer’s sister firm Marskramer is also set to close another 100 outlets.
The company has reported that the move will result in 1,900 job losses over the next two years.
Blokker Belgium also plans to shut down 69 stores already announced in February in order to increase profitability.
The reorganisation strategy is aimed at improving assortment, pricing and product availability.
Blokker Holding CEO Casper Meijer said: “We realise very well that this announcement has a big impact on our employees.
“This is a major decision for our colleagues who help our customers every day with dedication and contributions behind the scenes to modernisation within the various stores.
“Drastic but necessary measures will lead to Blokker with a good range of interest and continues its customers online and in stores.
“We are confident that our other store formats with a new owner have a good future.”
Meanwhile, Blokker Holding has reached a social plan with the unions.
The Central Work Councils of the individual companies will be consulted on the measures, according to the company.