Italian retailer and distributor Gruppo Selex has reported a 2017 turnover of €10.5 billion, representing a growth of 4.1% on the previous year.
The result is even more significant when compared to the overall market growth of only 2.6%, the company said in a statement.
The results for the first five months of 2018 were also positive, with the group’s national and regional banners registering a 1.4% like-for-like growth, compared to a drop of 1.7% for the market overall. Group turnover was up by 4.3%, versus 1.9% for the market (Nielsen data).
Sales of private-label brands in 2017 across the group recorded peaks of more than +20%.
Positive Results
One year after the launch of the CosìComodo online sales portal, the figures were 'very positive', the company said. To date, there are six banners who offer their products on the group’s site. By the end of the year, the current click & collect service will also be accompanied by home delivery.
In a statement, the company said that the group’s partnerships with retail alliances ESD Italia and EMD '[allow] endless opportunities for growth'.
Commenting on the results, president Dario Brendolan said that the results were due to ‘continuous investments made in recent years to renew the sales network and to ensure competitiveness of the offer’.
For 2018, shareholders confirmed an investment plan of €330 million (+30% more than in 2017), including new openings and renovations, with the goal of increasing sales by 4.2%.
Gruppo Selex is the third largest company in the modern distribution sector in Italy, with a 10.4% market share in January 2018 (according to IRI data). It consists of 14 associated companies with more than 2,500 outlets of various formats in more than 1,700 Italian municipalities. The most well-known store banners are Famila, A&O and C+C, in addition to regional brands.
In June, it opened the first store featuring its new Famila Superstore format in Mestre, on the Venetian mainland.
© 2018 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
