Finland's Kesko Sees Sales Decline In April
Finnish retailer Kesko has reported a 2.5% year-on-year decline in sales from continuing operations, to €902 million, for the month of April 2020.
The company attributed this decline to restrictions following the COVID-19 pandemic.
In comparable terms, sales decreased by 2.1% in the period, the retailer added.
Sales in the company’s grocery trade division amounted to €474.2 million in April, down 1.5%.
Grocery sales in K-food stores increased by 11.4% in April, while the retailer’s HoReCa division Kespro reported a sales decline of 51.2%.
Sales of home and speciality goods in K-Citymarket stores also declined in the period.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.