IDKids streamlines the store network and will be laying off 14% of staff

Featured image of the article IDKids streamlines the store network and will be laying off 14% of staff

An article by Sophie Baqué and Morgane Monteiro

Publication

18 March 2024 à 00h47

Updated on 18 December 2024 à 18h10

Reading time

2 minutes

Publication: 18 March 2024 à 00h47, Updated on 18 December 2024 à 18h10

Reading time: 2 minutes

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After closing 44 Catimini stores in 2023, the IDKids group is to cut two banners and lay off 14% of its workforce. According to our sources, one Board member already left the company.

An article by Sophie Baqué and Morgane Monteiro

Publication

18 March 2024 à 00h47

Updated on 18 December 2024 à 18h10

Reading time

2 minutes

Publication: 18 March 2024 à 00h47, Updated on 18 December 2024 à 18h10

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
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The IDKids Group (€924 million turnover in the financial year to the end of June 2023 via 1,500 stores) announced a restructuring plan on March 12, 2024. It will close two banners. These are Oxybul Eveil et Jeux (toy stores) and also IDKids, a banner grouping together childcare and fashion brands (Okaïdi, Obaïbi, Oxybul, Jacadi, Chipie, Lili Gaufrette, Absorba…). Although the number of stores closures was not disclosed, 14% of the staff will be cut by 2025 (i.e. 311 jobs out of 2,253....

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Article authors
Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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