Belarus' Eurotorg Sees Sales Up In H1, However Like-For-Likes Decline
Published on Oct 11 2019 11:00 AM in Retail tagged: Featured Post / Belarus / Eurotorg / Paywall / Magia
Eurotorg, Belarus' biggest retailer, has reported a 14.0% increase in net retail sales in the first half of its financial year, to BYN 2.2 billion (€1 billion).
Overall revenue increased by 11.9% year-on-year to reach BYN 2.4 billion (€1.06 billion).
According to the retailer, this growth was largely driven by accelerated store openings, with 131 net new stores added in the period, as well as the consolidation of the group's e-commerce activities and its drogerie retail chain Magia in June of last year.
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