Belgium-based Colruyt recorded an 8% increase in consolidated sales for the first nine months of its 2010/11 financial year.
Colyrut said yesterday (31 January) that turnover reached EUR5.49bn; retail sales were up 8.1% to reach EUR4.26bn, with growth mainly driven by its Colruyt food banner.
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Revenue in its wholesale and foodservice business was up 5% to EUR947m, driven mainly by Spar Wholesale and Foodinvest.
Colruyt said that despite the “difficult” weather around the Christmas period, it recorded “strong” end of year sales.
The retailer added that despite an improvement in consumer confidence towards the end of the year, it dropped to zero again in December. General inflation, meanwhile, continued to increase during the October to December period.
Click here for the retailer’s full sales statement.
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