Italian retail cooperative Gruppo VéGé saw 6.7% annual growth in consumer sales to over €12.7 billion in 2022, from €11.95 billion in 2021.
This is the ninth consecutive year of turnover growth for the group, which ended the year with a 7.9% market share.
Gruppo VéGé claims it transferred about €677 million in real savings to its customers, thanks to hundreds of discounted products, available every week of the year.
The financial performance, approved during the shareholders' meeting, confirms the group as the fifth largest player (excluding the share pertaining to cash-and-carry) in the Italian large-scale retail sector.
The group added that its growth strategy will rely on three lines of action – increase in sales, launch of intra-company points of sale, and the entry of new companies into the VéGé structure.
Eureka
The shareholders also agreed the decommissioning of the Aicube 4.0 purchase central, which will formally cease to operate on 31 December 2023, as a result of the failure to reach an agreement between Gruppo VéGé and Carrefour Italia.
Carrefour France has decided to create Eureka, a large international purchasing centre within the Carrefour Group.
Based in Madrid, Eureka will manage Carrefour’s commercial negotiations in its six major European markets, namely France, Spain, Italy, Belgium, Romania and Poland.
Gruppo VéGé’s network
Currently, Gruppo VéGé’s network comprises 32 member companies, 3,052 stores operating under the banners Bennet, Iper Tosano, Decò, Migross, Isa, and more than 2.3 million square metres of sales area.
Gruppo VéGé operates 103 hypermarkets, more than 1,020 supermarkets, 1,345 superettes, 22 discount stores, 437 specialised outlets, as well as 110 cash-and-carry stores.
The group is also a leading player in online sales, with 214 click-and-collect pickup points, presence in 15 regions in the home delivery business, and the national agreement with Glovo and Everli.
Read More: Italian Large-Scale Retail Sector Sees Sales Up, Margins Decline In 2022
© 2023 European Supermarket Magazine – your source for the latest Retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: European Supermarket Magazine.
