Activities (1,3 MB) - Colruyt Group
Activities (1,3 MB) - Colruyt Group
Activities (1,3 MB) - Colruyt Group
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1.2. OKay<br />
• Combined revenue OKay and Bio-Planet:<br />
EUR 478,4 million (+ 14,5%)<br />
• Year of inception: 1998<br />
• Number of stores: 80<br />
• Store surface area: 400 to 600 m²<br />
• Number of employees in FTE: 1.085 (+ 91)<br />
• Baseline: Save yourself time, money and effort<br />
At OKay, the convenience for the customer is the central focal<br />
point, so that they can save themselves time, money and effort.<br />
The neighbourhood stores are centrally located in a village<br />
or municipality, so that customer do not have to travel long<br />
distances and can avoid traffic jams. The long opening hours<br />
and easily accessible parking areas increase the accessibility.<br />
The compact neighbourhood stores (400 to 650 m2) are<br />
structured logically, the product range is offered in a clear and<br />
accessible manner. OKay offers a wide range of fresh products.<br />
It represents an important part of the revenue.<br />
OKay guarantees the lowest prices in the area. Should a<br />
customer nevertheless find a lower price, then the difference is<br />
paid back to the customer and the price is adjusted immediately.<br />
Developments<br />
OKay opened six new stores in the past financial year:<br />
Wevelgem, Pecq, Zulte, Dilsen-Stockem, Gistel and<br />
Kortemark. If there had been no delay with the granting of<br />
permits, then OKay could probably have opened more new<br />
stores. One store was also relocated and enlarged to 650<br />
m². There were 80 OKay stores at the end of the financial<br />
year. As a result of the opening of new stores and attracting<br />
new customers in the existing stores, the OKay stores<br />
achieved a highly satisfactory increase in revenue of 14%.<br />
45 employees of the central services of OKay and Bio-<br />
Planet moved to a new administrative building in Lot, near<br />
Halle, at the end of 2011. This relocation is part of OKay<br />
and Bio-Planet’s strategic plan to further develop their<br />
corporate identity. In the future, OKay will also have its own<br />
distribution centre on an adjacent industrial site.<br />
OKay continues to confirm its image as a sustainable<br />
growth company. After winning five years in a row as a<br />
‘Trends Gazelles Ambassador’, OKay has been proclaimed<br />
Golden Ambassador.<br />
Outlook<br />
The formula aims to open eight new stores and renovate a<br />
number of existing stores in 2012/2013. OKay envisages a<br />
potential of 150 to 170 stores in Belgium in the future. In<br />
order to realise this growth, OKay aims to recruit another<br />
120 to 150 employees this year.<br />
14,5 %<br />
increase in revenue OKay and<br />
Bio-Planet<br />
6<br />
new OKay stores<br />
in 2011/2012<br />
annual report 2011•2012 00 01 02 03 04 05<br />
77