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April 29, 2013

GERMANY: FY sales climb at retail giant Edeka

German retailer Edeka has booked an increase in full-year sales, with growth in each of its divisions.

German retailer Edeka has booked an increase in full-year sales, with growth in each of its divisions.

In the 12-month period, group sales grew by 3.8% to reach EUR44.8bn (US$58.6m), it reported today (29 April).

Independent retailers that operate under the Edeka franchise saw revenues grow by 6.4% to EUR21.3bn, “significantly faster” than the market, the group said.

Its discount division, Netto Marken-Discount, saw sales increase 5.2% to EUR11.3bn.

During the year, the retailer, which spent EUR1.45bn on stores, logistics and IT, opened 135 new stores and refurbished around 400. CEO Markus Mosa said Edeka would spend EUR1.6bn this year “to ensure long-term competitiveness”.

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