Italian retailer Esselunga has reported a 3.2 per cent boost in preliminary gross sales to €6.8 billion for full-year 2012. EBIT remain at similar levels, decreasing marginally to €360 million from €362.8 million in 2011.
However, the group significantly upped its investment spend for the year, up 52 per cent to €380 million from the previous year's €250 million. The money was mostly spent on modernising its store network. Despite the economic difficulties facing Italy, Esselunga took on an additional 500 staff during the year, bringing its employee figure to 20,200. (27 Feb)
© 2013 - ESM: European Supermarket Magazine by Kevin Kelly
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