Dutch Retailer Jumbo Reports Strong Growth In 2016
Dutch retailer Jumbo has reported a 7% increase in revenue during 2016, to €6.68 billion, mainly due to sales growth in existing stores. The company also reported organic growth of 4% for 2016.
Company-owned restaurant chain La Place, acquired at the start of 2016, achieved an adjusted turnover of €103 million in 2016 - excluding the closed branches in the V & D department stores.
The company has identified the refurbishment of existing stores, the opening of an additional 15 stores and a Food Market, together with the continued expansion of its convenience stores and pick up points for online orders, as strategies contributing greatly to last year's positive performance
"The figures for 2016 show that we are well on track," said Jumbo CEO Frits van Eerd. "Over the last year we have aimed at a more efficient and more customer-oriented organisation of Jumbo.
"The outsourcing of business units outside the core (retail) business has nearly been completed, and we have introduced a range of new, long-term seasonal themes and offers, to positive customer feedback."
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Martha Sparrius. To subscribe to ESM: The European Supermarket Magazine, click here.