Italy’s third largest retail group Selex has reported a 2016 turnover of €10.4 billion, up 4% on the previous year, while its market share has risen to 11.7%.
For 2017, the forecast is of a further growth of 4.2%, taking the turnover to €10.8 billion, against the market trend.
The partners allocated €215 million to open 57 new points of sale throughout Italy and for the renovation and expansion of 53 existing stores. The openings will regard mostly supermarkets between 1,500 and 2,500 metres-square, the flagship format of the group.
Over the past decade, Selex has invested over €2 billion in opening new and restructuring existing stores.
Over the next year, the group is planning significant investments in promotion of Selex private label brands, whose share has grown from year to year. The best performance has come from the bio, healthy and premium lines, which grew by 15%.
Other plans for 2017 include the development of new formats, as well as new services for e-commerce, pricing management and customer loyalty.
The Selex Group, consisting of 15 associated companies, has a sales network of 2,516 stores totalling 2 million square metres. The most famous formats are Famila, A&O and C+C, in addition to regional brands that are usually local market leaders.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
