Maisons du monde wishes to close or transfer 40 to 50 stores by 2026

The group manages 340 stores. The distributor of furniture and decorative objects Maisons du monde announced on Tuesday March 12 that it wanted to create “40 to 50 store closures or transfers”. The brand, which has also announced a net profit down 74% in 2023 compared to 2022, at 8.8 million euros, also wishes to move “nearly 30% of the network under affiliation or franchise” by 2026.

Maisons du monde, which carries out 55% of its activity in France, saw its sales decrease by 9.3% in 2023, to 1.13 billion euros, “in a difficult context for the Homes and Decoration sector, accentuated by unfavorable macroeconomic factors”according to the press release, which cites the “geopolitical uncertainties”, L’“unprecedented inflation” and the “decrease in consumer confidence”.

In this context, the group has identified around fifty stores whose profitability needs to be improved. Solutions to achieve this include renegotiating rents, selling to affiliates or moving, for example, from the city center to a commercial activity area. The definitive closure will thus only affect one “tiny” part of the stores, according to Christophe Lapotre, executive operating director of the group.