Italy's Selex Confident Of 'Strong Year' In 2021
Italian retailer Gruppo Selex plans to invest €300 million next year on the opening of 121 new outlets, as well as the renovation of 112 existing stores, a 40% increase on 2020.
In January, the retailer expects to surpass the threshold of 2,500 stores, accounting for a share of more than 10% of the Italian retail market, including hypermarkets, supermarkets, superstores, discounters and drug stores.
The company's growth strategy will focus on supermarkets and superstores, as well as on the expansion of its digital channel. E-commerce service CosiComodo, active in 13 Italian regions, registered a growth rate of 270% this year as a result of the COVID-19 pandemic.
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