Mercator's Sales Revenue Declines In Q1 2019
Slovenian retailer Mercator Group posted a 3.1% year-on-year decline in sales revenue to €499.7 million in the first quarter of its financial year.
According to the company, its performance was affected by the entry of new players in the market, particularly in Serbia.
In October of 2018, Lidl launched operations in Serbia with 16 stores in Belgrade and other cities.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!