Norway's NorgesGruppen Sees Market Share Up At Kiwi, Meny
Norwegian retail conglomerate NorgesGruppen has said that a combination of closed borders, increased at-home dining and less travel all contributed to 'strong revenue growth' at its operations in 2020, with market share increases reported at its Kiwi and Meny chains.
The group's Kiwi banner saw its market share rise by 0.8 percentage points to 22.6%, the group said, while Meny's share rose 0.1 percentage points to 10.4%, according to Nielsen data.
At the same time, however, its Spar/Eurospar and Joker banners had a 'more challenging year', seeing their market share drop by 0.3 percentage points (to 7.0%) and 0.2 percentage points (to 3.5%) respectively.
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