Schuitema, the Dutch retailer, has seen half-year sales rise over 2%, although growth slowed during the second quarter.
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The company today (24 July) booked net sales of EUR1.8bn (US$2.8bn) for the first six months of the year, a rise of 2.1%. Second-quarter sales, however, climbed by only 0.6% to EUR785m.
CEO Tonn van de Laar said sales growth had come from less stores than in 2007. He added: “The average weekly sales per store was 5.8% higher than in the first half of 2007.”
Schuitema, which runs the C1000 chain in the Netherlands, said it had 432 stores at the end of the second quarter, some 19 less than a year ago.
During the second quarter, Schuitema offloaded seven stores to Ahold following the company’s sale earlier this year to private equity group CVC Capital Partners.
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