According to CBS fashionshops have seen a fierce drop in operating result in the period 2010 – 2013. Operating result droped from 500 million euro in 2010 to 150 million euro in 2013. This is a fall of 70%. Operating result of retail as a whole droped 16% in the same period. According to CBS the situation has rised because the decline of costs could not keep the same pace as the decline of turnover.
Turnover of fashionshops
Turnover declined 700 million, where costs only dropped 300 million, leading to a drop in operating result from 5,5% in 2010, to 1,6% in 2013. Costs remained high due to costs for personnel and building. The cost of personnel increased 1,5% and the cost for housing grew 7%. The increase in cost for personnel is unexpected since the amount of jobpositions declined. An increase in costs for social taxes is the main cause. In 2014 and the first quarter of 2015 turnover dropped as a result of lower salesprices.
