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Retail

Mercadona Sees 6% Sales Increase After Record Investment

Spanish retailer Mercadona saw turnover grow by 6% to €22.9 billion last year, with like-for-like sales also rising by 6%.

Net profit decreased by 49% compared to the previous year, falling to €322 million, however, the retailer says that this was a result of record investment during 2017.

The company invested over €1 billion in its store network last year, opening 29 new stores, refurbishing an existing 126 supermarkets, introducing 300 new products, and creating 5,000 new jobs.

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