Discounters Lead Growth In Italian Grocery Retail Market
The total turnover of Italy’s leading grocery retailers has increased from €60.35 billion in 2012 to €65.12 billion in 2016, representing growth of 7.9% during the period, according to a study by Mediobanca.
The highest growth was recorded by discount retailers Lidl Italia (which grew 46.2% to €3.9 billion) and Eurospin Italia (+34.1% to €4.69 billion), which performed ahead of Selex (+18.7% to €10.35 billion), Conad (+13.6% to €12.38 billion), Esselunga (+11.4% to €7.51 billion) and Iper-Unes (+5.9% to €2.59 billion).
Meanwhile, turnover was down at Coop (down 2% to €12.37 billion), Gruppo Pam (-6.1% to €2.35 billion), Carrefour (-4.6 to €4.85 billion), and Auchan (-21.2% to €4.01 billion).
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