Croatia's Konzum Continues To Lead Despite Drop in Revenue
Croatian grocery retailer Konzum has reported an 11% annual drop in revenue, to HRK 9.1 billion (€1.2 billion), in 2017.
The data has been sourced from the revised financial report of the company, according to the local daily Poslovni dnevnik.
The negative result was due to a drop in the number of customers and the closure of 80 stores last year. The takeover of Konzum’s drugstore chain, Kozmo, by Germany’s Müller in 2017 also contributed to the losses.
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