French retailer Le Groupement Les Mousquetaires, which operates the Intermarché chain, has seen its sales rise 1.9% across its European operations in full year 2016, according to accounts just filed.
The group's six banners, Intermarché, Netto, Bricomarché, Brico Cash, Poivre Rouge and Roady, together achieved €36 billion worth of sales, while its agri-food division posted sales of €4.1 billion, giving it a total of €40.2 billion worth of sales for the year.
Its core retail brands, Intermarché and Netto, saw revenues reach €25.8 billion (excluding fuel), and grew their market share by 1.5%. In France, Intermarché psoted a turnover of €22 billion, an increase of 1.3% year-on-year, with the group's integrated supply chain singled out as s core strength.
The group's president, Didier Duhaupand said that the "diversity of its brands and our ability to innovate" were among the strong points in what was an otherwise "complex" year.
He noted that in 2017, the group plans to continue to digitise its offering and boost the performance of its retail operations.
On the back of its agri-food division achieving sales of €4 billion, the group has announced plans to restructure the internal organisation of this business, incorporating purchasing and logistics into a single operation, thus freeing up more opportunity to develop new innovations.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.
