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Mercator's Sales Revenue Declines In Q1 2019

Published on Jun 17 2019 8:20 AM in Retail tagged: Featured Post / Lidl / Slovenia / Serbia / Bosnia and Herzegovina / Mercator / Montenegro / Paywall

Mercator's Sales Revenue Declines In Q1 2019

Slovenian retailer Mercator Group posted a 3.1% year-on-year decline in sales revenue to €499.7 million in the first quarter of its financial year.

According to the company, its performance was affected by the entry of new players in the market, particularly in Serbia.

In October of 2018, Lidl launched operations in Serbia with 16 stores in Belgrade and other cities.

Slovenia retained its place as the Group’s most important market, generating 57% of the total revenue.

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