Edeka Nord Posts 3.6% Increase In Sales For 2016
German retailer Edeka Nord has posted a 3.6% increase in sales for its independent retailers for full-year 2016, with group sales rising by 3.4% to €2.9 billion.
The total sales from Edeka’s own industrial bakery in Hohenwestedt amounted to €14.6 million (previous year, €14.7m), while its Dallmeyers Backhus posted sales of €42.2 million (previous year, €42.1m).
A total of 13 new stores were opened and six stores were expanded, with the retailer's total sales space increasing by 0.6% to 775,967 square meters.
With the help of an investment promotion programme, Edeka Nord has been offering its independent retailers new incentives to make their market presence more attractive to consumers.
The programme aims to modernise the technical equipment in stores, such as refrigerators, cash data programmes and recycling stations. This will lead to an investment of €50 million over the next few years.
During the first months of 2017, Edeka Nord experienced an increase in group sales of 2.6% compared to the same period in 2016. Independent retailers increased their sales by 2.2%.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Larissa Zimmer. Click subscribe to sign up to ESM: The European Supermarket Magazine