Dutch grocer Super de Boer has posted annual same-store sales of 3.7% during a year in which the company sold stores, cut jobs and changed its corporate identity.
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Super de Boer, the Netherlands’s number two food retailer, reported 2007 sales of EUR2.1bn (US$3.1bn).
CEO Jan Brouwer said the result “more than compensated” for the loss of its Edah and Konmar stores, which it has sold in the last 18 months.
The company also changed its name from Laurus, consolidated its distribution network and cut head office jobs.
“The massive reorganisation of Laurus was successfully completed in 2007. We said farewell to the Laurus name, to continue under the name Super de Boer. As of now, our focus is on making Super de Boer even more competitive.”
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By GlobalDataThe company, in which French retailer Casino holds a 45% stake, will publish its profit figures on 5 March.
