Get the app today! Download iPhone App Download Android App

Belarus' Eurotorg Posts Q2 Sales Growth, Launches New Discount Banner

Published on Aug 8 2019 8:55 AM in Retail tagged: Featured Post / Euroopt / Belarus / Eurotorg / Paywall / Hit!

Belarus' Eurotorg Posts Q2 Sales Growth, Launches New Discount Banner

Eurotorg, Belarus' biggest retailer, has posted a 14.9% increase in net retail sales in the second quarter of its financial year, to BYN 1,153 billion (€503 million).

Like-for-like sales were down 4.7% in the quarter, the retailer said, with negative like-for-like traffic of 6.5% partly compensated by 1.9% growth in average basket size.

The group said that its like-for-like performance was somewhat affected by cannibalisation due to the 'accelerated expansion' of the group. Q2 LFLs were an improvement on those of Q1, which saw a 8.5% decrease, it added.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email