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Eroski Sees 10.5% Revenue Increase In First Half

Published on Oct 9 2017 10:30 AM in Retail tagged: Trending Posts / Eroski / Spanish Retail

Eroski Sees 10.5% Revenue Increase In First Half

Spanish retailer Eroski achieved revenues of €3.2 million in the first half of its financial year, ending 31 July 2017, which represents an increase of 10.5% on the same period last year.

Meanwhile, the retailer's parent company, Eroski S. Coop, ended the period with profits of €9.8 million, up 11% year on year.

Continued Investment

Eroski says that it invested €38 million in its store network during this period, which included opening 21 new supermarkets and remodelling 57 existing stores.

The company also introduced a number of initiatives, such as the Eroski Club Mastercard, as well as the expansion of its shopping app and click-and-collect online services.

Eroski operates 1,784 stores in Galicia, the Basque Country, Navarra, Catalonia and the Balearic Islands, including supermarkets, hypermarkets, and cash-and-carry outlets, as well as gas stations, opticians, travel offices, perfumeries and sports-equipment stores.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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