SWITZERLAND: Migros price-focus sees sales rise
Cooperative retailer Migros Group has booked an increase in full-year sales as it "extended" its "price leadership" in the Swiss market.
The company revealed that full-year sales rose to CHR21.35bn (US$22.81bn), an increase of 0.7%. Stripping out the impact of inflation, sales rose 2.3% in the 12 month period.
Migros said growth was driven by private label sales. The firm's organic range saw revenue growth of 9.1%, products with the FSC label grew 19.2% and products with the MSC label from sustainable fisheries rose 12.2%.
Migros emphasised it was able to expand sales while also investing in price. The company said it reduced prices by a total of 1.4%.
- Analysis: Is Heinz, Kraft merger "a growth story"?
- M&A Watch: Who could be on 3G Capital's radar?
- The challenges awaiting ConAgra's new CEO
- Focus: Can Mars gain share in Indian chocolate?
- Viewpoint: Faber-led Danone gets realistic
- UPDATE: Heinz, Kraft strike merger agreement
- Fatal explosion at French desserts firm Senagral
- Kraft "in buyout talks" with Heinz owner 3G
- Infographic: Heinz, Kraft unveil combined business
- Buffett: Kraft Heinz to withstand health focus