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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
