Système U Records 2.3% Sales Growth For 2015
Independent French retailer Système U has reported sales growth of 2.3 per cent to €18.93 billion in 2015 (or €23.4 billion when fuel sales are included), according to Lsa-Conso.fr.
The banner’s market share also rose by 10bps to 10.4 per cent in 2015, although the group lost nine franchisees to its competitors.
However, Système U says it intends to maintain its ongoing expansion plan, aiming to raise the number of supermarkets under its banner from 735 to 1,000 over the next three years.
Last year also saw the group form a joint buying organization with retail giant Auchan, and while the transaction still needs to be cleared by the French Antitrust Authority, Système U says it sees the potential to bring as many as 300 Auchan supermarkets under its banner.
Meanwhile, it is thought that around ten of the large Système U hypermarkets could adopt the Auchan banner.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Jenny Whelan. To subscribe to ESM: The European Supermarket Magazine, click here.