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Jumbo Supermarkten Sees Sales Rise 13.4% In H1

Published on Aug 25 2016 9:20 AM in Retail tagged: Trending Posts / Jumbo / Netherlands

Jumbo Supermarkten Sees Sales Rise 13.4% In H1

Dutch supermarket group Jumbo Supermarkten saw its first half sales rise 13.4% to €3.59 billion, the retailer said in a statement.

Organic growth at the retailer’s stores rose by 4%, as Jumbo sought to update its store portfolio - some 30 stores were refurbished between January and June of this year. It also developed 100 new Pick Up Points for online shopping.

The wider market grew by 2.4% in the same period, according to GfK data.

Jumbo plans to invest a further €125 million, mainly on store renovations, this year.

Earlier this year, GfK consumer research named Jumbo the ‘Best Supermarket in The Netherlands’ the the 16th time. "This confirms to us that customers feel we are well on our way,” commented chief executive Frits van Eerd.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.

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