Swiss retailer Migros Group has reported an overall turnover of CHF 27.7 billion for 2016, an increase of CHF 274 million, or around 1% over the previous year's result.
The company's turnover outside Switzerland increased to CHF 23.3 billion, representing an increase of 1.2% - or an adjusted growth of 2.2%, taking inflation into account.
Net sales for the ten cooperatives - including operations abroad - amounted to CHF 15.6 billion, representing a 0.1% increase or inflation-adjusted growth of 0.3%.
"It is particularly gratifying that the sustainable and regional products, which generated sales of around CHF 3.8 billion, continue to gain in popularity. The Alnatura range even doubled sales. Another important strategic goal was achieved with the growth of more than 20 percent in e-commerce", said Herbert Bolliger, president of the executive board of the Migros Cooperative Federation.
Migros online shops achieved a 17.4% growth over 2016, following the expansion of the 'PickMup' collection service for online orders and the continued success of the Migros app, which saw a record two million users since its 2014 launch in the past year.
Migros' ecommerce platform LeShop had seen its sales increase by 3.5% in the past year, resulting in a record CHF 182.1 million in revenue for 2016.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Martha Sparrius. To subscribe to ESM: The European Supermarket Magazine, click here.
