Jeronimo Martins’s full-year sales maintained a strong growth pace, +8.3% yoy to €13,728m, supported by positive sales momentum in all operations. Despite tougher competition and food deflation in Poland (-1.7%), Biedronka witnessed an increase in sales (+3.2% lfl) following the improvement in its offer and a selective expansion programme. During 2015, Biedronka opened 102 stores and revamped stores at a cost of almost €200m. Following the focus on sales densities in stores, t
03 Mar 2016
Managing growth and efficiencies
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Managing growth and efficiencies
Jeronimo Martins, SGPS S.A. (JEM:FRA) | 0 0 0.5% | Mkt Cap: 11,076m
- Published:
03 Mar 2016 -
Author:
Ranya GNABA -
Pages:
2
Jeronimo Martins’s full-year sales maintained a strong growth pace, +8.3% yoy to €13,728m, supported by positive sales momentum in all operations. Despite tougher competition and food deflation in Poland (-1.7%), Biedronka witnessed an increase in sales (+3.2% lfl) following the improvement in its offer and a selective expansion programme. During 2015, Biedronka opened 102 stores and revamped stores at a cost of almost €200m. Following the focus on sales densities in stores, t