Matratzen Concord
Matratzen Concord is a pan-European ‘Fach Discount’ format that primarily serves the replacement market and focuses on the sales of principally mattresses, bed bases, box springs and bed textiles. The chain has 999 stores in three countries (Germany, Switzerland and Austria). While the stores have traditionally been located near consumers in and around city centres, they are increasingly also located in retail parks.
2017 | 2016 | Change | |
|---|---|---|---|
Revenue (x € 1,000) | 243,213 | 257,029 | -5.4% |
Number of stores | 999 | 1,004 | -0.5% |
Number of employees (FTE) | 1,925 | 1,895 | 1.6% |
Revenue in comparable stores decreased at Matratzen Concord by 6.0%, while total revenue in 2017 decreased by 5.4%. This decrease occurred primarily in Germany. German consumers' lower propensity to buy led to a lower number of visitors.
The range was restructured in the second half of 2017, which created space in the stores that could be used to offer a wider selection of box springs. In addition, the process of refurbishing the stores was continued in Germany. All of the stores in Germany will be modernised within three years, with the refurbishment of the last stores being completed in 2018. The same modernisation is taking place in Austria and Switzerland.
46 stores were opened and 51 stores were closed in the year under review.
www.matratzen-concord.de
www.matratzen-concord.at
www.matratzen-concord.ch
