Belarus' Eurotorg Posts Double Digit Sales Growth In FY 2018
Published on Feb 7 2019 9:29 AM in Retail tagged: Trending Posts / Euroopt / Belarus / Eurotorg / Paywall
Eurotorg, Belarus' biggest retailer, has posted a 14.2% like-for-like sales increase in full year 2018, of BYN 4.07 billion (€1.66 billion), with like-for-like sales seeing a 2.8% rise.
The retailer said that its full year like-for-like sales growth was largely driven by an increase in the average basket size (+5.6%), however it saw a moderate decrease in like-for-like traffic (-2.6%).
As of 31 December 2018, the company operated 862 grocery stores, of which 762 are grocery stores, and 100 are drogerie stores, operating under the Magia banner.
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