Jumbo Boosted By New Store Openings, Despite Foodservice Decline
Dutch retailer Jumbo is looking ahead to its 100th anniversary this year with renewed optimism, after the group posted a 15% increase in consumer turnover in full year 2020, to €9.68 billion.
Organic sales growth across its store portfolio stood at 11% for the year (or +9% if adjusted for week 53), with new store openings helping to lift its performance.
The group opened 15 additional outlets during the year, mainly at inner-city locations in the Netherlands, with five of these opening in Belgium.
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