FRANCE: Systeme U sale gains driven by customer wins
Systeme U, France's fourth-largest retailer, has reported an increase in annual sales, driven, it said, by its ability to attract new customers.
The retail co-op said sales rose 3.5% in the calendar year, rising to EUR18.45bn (US$24.96bn). Including fuel, sales reached EUR23.65bn the group added.
During the period the company was able to grow its market share to 10.3%, up 0.4 percentage points.
The company said the performance reflected its "constant acquisition of new customers". According to Systeme U, 37.4% of French households shopped at its stores in 2013 and the group attracted 472,000 new customers.
The increase was partly driven by an increase in selling space. In the year to the end of December, its selling space grew by 3.8%. As of 31 December, the group had 1,559 points of sale in France.
- On the move: What's in store from Tesco's new CEO?
- On the money: Steady as she goes at Cloetta
- On the money: Can Premier build H2 sales momentum?
- Focus: Lindt plays safe with Russell Stover buy
- Interview: Bell hits out at German cartel ruling
- UPDATE: Premier establishes international unit
- Campbell issues warning on 2014/15 fiscal year
- S&A Foods announces restructure, 55 jobs to go
- Universal Robina to buy biscuit firm Griffin's
- Premier launches Oxo pots range in UK