2023-09-22 09:00:00
The electronics chain with around sixty branches in the Netherlands previously said it was struggling with “continued and increasingly difficult market conditions”. According to BCC, the electronics market collapsed in the year following corona.
The war in Ukraine, high inflation, decreased consumer confidence and lower consumer spending made things even more difficult for the electronics market. Costs rose sharply for BCC, including wages and rent. The chain might not pass on the amounts to the consumer, as is the case in other sectors, according to BCC.
It was announced on Thursday that the stores and the webshop will remain open for the time being despite the bankruptcy filing. The curators want to make a new start with the chain. The company employs more than 1,100 people.
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Electronics chain BCC is in danger of collapsing: ‘Not distinctive enough’
During the pandemic, half of the Netherlands ordered a new TV or washing machine. So why are things going so badly for BCC?
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