INSIGHT: Sligro hails “master plan”
Sligro has attributed the "market beating" performance of its EMTÉ and Golff banners to the initiatives it has embarked on under its food retail "master plan".
This morning (15 October) the Netherlands-based food retailer and distributor said that total sales increased by 2.3% in the first nine-months of the year. Sales at the group's EMTÉ and Golff food retail banners rose 6.8% and 3.1% respectively.
"We have posted sales at our food retail businesses which are ahead of the market, particularly in the EMTÉ banner. The food retail master plan, which was developed following a review of the business, is bearing fruit," a spokesperson for the company told just-food.
The "master plan" aims to boost operating profit and includes various initiatives, such as store rationalisation. During the period, Sligro closed 14 outlets, bringing its total number of stores down to 125 outlets.
Despite strong sales gains, the company declined to issue guidance for the full year, citing "uncertain market conditions".
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