Why Belarus' Eurotorg Remains 'One To Watch' In Eastern Europe: Analysis
Historically, Belarus hasn't been seen as a hotbed of retail innovation. Eurotorg, the country's largest private employer and owner of the Euroopt brand, is seeking to change all that.
On Friday, Eurotorg announced full-year sales that indicated the progress that the retailer has made in the past year, both in terms of growing its portfolio and embracing new formats.
Net sales were up 5.5% year on year, to BYN 3.57 billion (around €1.46 billion), with like-for-like sales up by 1.1%.
As of 31 December, the company operated 500 stores boasting some 278,500 square metres of space, with 47 new stores (7,800 square metres of space) being added to the portfolio during the year.
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!