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Retail

Selex Becomes Second Biggest Player in Italian Retail Sector

Gruppo Selex has become the second largest player in the Italian grocery sector, with a 13.7% market share across its portfolio of hypermarkets, supermarkets, superstores and discount stores.

This compares to a 9.7% share at the end of 2019.

As of 1 January, five Italian family-owned regional retailers that make up the Supermercati Uniti Nazionali (SUN) consortium have joined Gruppo Selex as shareholders, bringing the total number of shareholders in the group to 18.

The five new members (Alfi, Cadoro, CediGros, Gruppo Gabrielli, and Italbrix) together manage 640 stores, and total turnover for 2020 is expected to reach €3.9 billion, compared to €3.3 billion in 2019.

Growing The Network

The turnover of Gruppo Selex for 2020 is estimated at €16.2 billion, up from €12.3 billion (+31.7%) on the previous year.

As of 1 January, the network consists of 3,207 stores throughout Italy, with a multi-channel and multi-brand coverage, and a workforce of over 41,000 employees.

Gruppo Selex is planning to invest over €360 million in the renewal of 207 stores, including 72 new openings and 135 renovations (focus on supermarkets and superstores).

The integration of the SUN companies will also allow Gruppo Selex to expand its activities in the private label segment. In addition to existing brands such as Selex, Vale, and Il Gigante, the group will now also manage Consilia, SUN’s flagship brand.

Private label sales were valued at around €1.4 billion last year.

From 1 January all relations with partners and suppliers will be coordinated by the Selex HQ (as well as by ESD Italia). SUN members will take part in national promotional plans and have access to value-added services such as e-commerce platform, CRM tools, assortment clusters, store formats and many others.

As well as the SUN consortium, in 2020 Sicily-based CDS (with 52 directly-owned and 100 affiliated stores) has also joined Gruppo Selex.

© 2021 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

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