Italy’s Gruppo Selex Planning To Invest €320m In Network Next Year
Italian retailer Gruppo Selex is planning to invest around €320 million in its network next year, as it implements a store refurbishment programme and opens a number of new stores.
According to GDO Week, the retailer expects to post turnover of €11 billion in 2018 – a 4.3% increase on the previous year – with the retailer performing ahead of the rest of the market.
The retailer has also improved its productivity per square metre, by around 1.2%.
The third-largest player in the grocery sector, Selex is aiming to generate turnover of €11.4 billion in 2019.
“Next year we will have to do even better, implementing new distribution models and continuing with determination on the projects successfully launched this year,” commented Alessandro Revello, Selex Group chairman.
The group is also looking to expand its Animali che Passione pet care business, which is expected to double its store count next year, according to GDO Week, while also bolstering its CosìComodo click-and-collect service.
Maniele Tasca, Selex general manager, added that additional services, multichannel retailing, the development of organic and health ranges, and the expansion of private label are also on the agenda for the group next year.
Gruppo Selex posted a turnover of €10.5 billion in full-year 2017.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.