Netherlands: Textile discounter Zeeman sees further increase in turnover
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Netherlands: Textile discounter Zeeman sees further increase in turnover

Updated: Jun 6, 2023

Zeeman recorded a net turnover of 774.2 million euros last year: a growth of 14.1 percent.


Sales volumes rose slightly less rapidly, by 4.6 percent to 290.7 million products. In 2021, the discounter recorded a turnover of 678.5 million euros, compared to 616.6 million euros a year earlier. This is stated in the CSR report of the textile discounter for 2022. Nothing is reported about the profit.


The discounter opened fewer stores last year than the year before. In 2022, ten stores were added (until 1313); In 2021, there were 24. The workforce was also expanded by 96 extra FTEs.


On the financial front, the retailer expects to face "challenging macroeconomic and global developments" in the coming financial year.


In the report, Zeeman focuses in particular on the sustainable steps that have been taken. For example, more than 33,000 second-hand garments have been sold and the company has launched four new 'living wage' programs, which allow employees in Asia and Turkey to receive a fairer salary.


Source: Retail Trends



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