Gruppo Selex, Italy's second largest large-scale retail chain, plans to invest €340 million in 2023, in opening 63 supermarkets and renovating 73 stores.
The group said that it is set to close 2022 with gross sales of €17.8 billion.
This represents growth of 5.6% compared to the previous year (+4% like for like), consolidating the consortium’s market share, which is currently at 14.7%.
The group's private label brands (Selex, Consilia, Vale, and Il Gigante) achieved a consumer turnover of around €1.6 billion, with over 10% year-on-year growth and a steadily rising market share, it said.
Its private label assortment today consists of 7,700 SKUs divided among several brands.
Elsewhere, e-commerce platform Cosicomodo.it is expected to grow in 2022 in line with the target market, while home delivery should end 2022 with 30% growth over the previous year.
Ten of the Gruppo Selex brands use the Cosicomodo.it service, which serves 13 Italian regions with 112 click & collect pickup points, as well as offering home delivery services across some 540 postal codes.
Sales Expectations For 2023
Gruppo Selex estimates it can reach €18.5 billion in gross sales in 2023, with an expected growth of 3.6%.
Commenting on its performance, general manager Maniele Tasca said that the 2022 results are satisfying, but the group is "very concerned about the effect that price increases are having on consumption" in recent weeks.
According to him, Gruppo Selex has "exhausted the capacity to absorb increases in operating costs", and in order to limit the risk of further inflation it has asked suppliers to suspend list price increases for the coming months.
The group consists of 30 banners including Famila, A&O and C+C, with 3,206 stores across various formats and more than 41,000 employees.
© 2022 European Supermarket Magazine – your source for the latest Retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: European Supermarket Magazine.