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Retail

Bingo Becomes Bosnia's Market Leader In Terms Of Stores

Tuzla-based supermarket chain Bingo has officially assumed the leadership position in Bosnia and Herzegovina in terms of store count, with the retailer now operating 186 outlets across the country.

This comes after the Supervisory Board of Slovenian retailer Mercator confirmed the termination of the lease of 83 stores to Konzum in Bosnia and Herzegovina, reports Fokus.

These locations formally passed into the hands of Mercator, while Konzum will continue to operate around 170 stores in Bosnia and Herzegovina.

Market Dominance

Last week, Bingo re-opened its shopping mall in Mostar, five months after a fire destroyed the building.

The shopping mall has a total area of 11,660 square metres, of which the Bingo hypermarket occupies 9,000 square metres.

Bingo was already the country's market leader in other key parameters. At the end of 2016, it had the largest market share (17%), the highest revenue (BAM 915 million), and the highest profit (BAM 67 million). It also had the highest number of employees, with 5,605 members of staff.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine

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