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Successfull Year for Dutch Euretco Two Wheeler Unit

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BREDA, The Netherlands (June 13) – Euretco, Holland’s largest non-food retail organization, with around 2,100 trade partners in retail (among those: 208 in bicycles) had a gross turnover of Euro 1 billion. Profit margin for the year 2000 was Euro 4.22 million. Euretco’s two wheeler unit was one the most successful divisions. The division which […]

BREDA, The Netherlands (June 13) – Euretco, Holland’s largest non-food retail organization, with around 2,100 trade partners in retail (among those: 208 in bicycles) had a gross turnover of Euro 1 billion. Profit margin for the year 2000 was Euro 4.22 million. Euretco’s two wheeler unit was one the most successful divisions. The division which operates the Profile bicycle shop formula saw its turnover grow to Euro 63 million. In 1999 it had been Euro 52 million and in 1998 Euro 46 million. The year 2000 hit a low point by July, which Profile blames on the EK football championships, but they made it up with their “Fiestsspecialist” (bike specialist) business model. This gave Euretco a 20.2% growth. This was larger than the average 14% in the industry and while the average bike shop sold 4% more units than last year Profile sold 6% more.(BT)

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