Italian retail group Selex has announced it is investing €135 million this year in the opening of new outlets and renovation of existing ones.
In the first six months of the year, Selex has already opened 11 new stores, amounting to about 20,000 square metres.
The estimated turnover for the current year is €9.95 billion, compared to €8.85 billion in 2014.
The results for the first months of 2015 show a growth of both sales (0.7% y/y) and stores (+2.1%), partly due to the inclusion of the Il Gigante network of supermarkets and superstores (mainly present in Milan and Brianza), effective from 1 January 2015.
Its private label brands are being increasingly appreciated by consumers, with sales growing, in particular, of the bio and healthy products lines Vivi Bene Selex (+24%) and Natura Chiama Selex Bio (+20%).
The Selex Group consists of 16 regional retail chains with 2,479 sales points and a 11% market share. The best-known brands are Famila (supermarkets and superstores), A&O (neighbourhood stores) and C&C (Cash and Carry).
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic
