German retailer Edeka Nord has posted a growth of 4.8% in comparable sales for its financial year 2018, according to a report in the trade platform rundschau.de.
Consolidated sales increased by 3.3% to around €3.1 billion for the period, which is one of the best results achieved by the company till date.
The group sales in April 2019 grew 2.4% when compares with the same period in 2018.
The positive result is an outcome of the efforts of independent merchants, the report said.
In May of this year, Edeka Südbayern reported a 3.1% increase in sales to €2.59 billion for full-year 2018.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
