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Belarus' Eurotorg Sees Sales Up In H1, However Like-For-Likes Decline

Published on Oct 11 2019 11:00 AM in Retail tagged: Featured Post / Belarus / Eurotorg / Paywall / Magia

Belarus' Eurotorg Sees Sales Up In H1, However Like-For-Likes Decline

Eurotorg, Belarus' biggest retailer, has reported a 14.0% increase in net retail sales in the first half of its financial year, to BYN 2.2 billion (€1 billion).

Overall revenue increased by 11.9% year-on-year to reach BYN 2.4 billion (€1.06 billion).

According to the retailer, this growth was largely driven by accelerated store openings, with 131 net new stores added in the period, as well as the consolidation of the group's e-commerce activities and its drogerie retail chain Magia in June of last year.

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