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Retail

Conad Members See Growth In 2017 Despite Market Challenges

The cooperatives that comprise Italy’s Conad reported increased turnover in 2017, despite increased challenges in the Italian marketplace.

Pac2000A Conad, which is active in the Lazio, Umbria, Campania and Calabria, ended 2017 with a consolidated turnover of €3.01 billion (+6.24% on 2016) and a profit of €90 million. The cooperative (881 members ) confirmed its leadership in the region, with a market share of 23.92% (+1.32%).

In the four regions in which it operates, Pac2000A Conad opened 33 new stores, taking its total to 1,181 outlets. As part of its 2018-2020 strategic plan, Pac 2000A Conad plans to invest €335 million towards new openings and the modernisation of its network.

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