Italian grocery retailer Gruppo Selex is planning to invest €330 million in its network in 2018, opening 69 new stores.
The 15 companies that make up Gruppo Selex have also decided to refurbish 59 stores during the year, and hire hundreds of new employees, reports Radiocor.
The retailer is set to end 2017 with a turnover of €10.78 billion (+4.1% compared with 2016). Further growth is forecast for 2018, with a target turnover of €11.22 billion.
Group Expansion
Over the last 10 years, investment in Selex's sales network has totalled over €2.3 billion, and today the group is present in all Italian regions with 2,539 stores.
With regard to the new 2018 openings, the group plans to launch 19 superstores, 27 supermarkets, 20 discounts, and three cash & carry outlets.
Gruppo Selex is Italy’s third largest grocery retailer, with a market share of 11.9% (hypermarket, supermarket, super store and cash & carry channels), and the second player in the HoReCa channel with a market share of 18.6%.
The group operates a under a number of store banners, including Famila, A&O and C+C.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine
