Selex forecasts an €11 bn turnover for 2019

Date : 06 December 2019

Italy-based Selex has predicted a positive turnover of €11 bn for 2019. The retailer alliance also discussed how the market is unpredictable. Furthermore, the group has highlighted ambitious 2020 goals as its members look to continue their expansion plans.  

Sales performance

The Selex Group has announced its turnover is estimated to be €11 bn in 2019, an increase of 4.2% compared to 2018. Over the last 10 years, the Selex Group said it had invested €2.5 bn, creating a network of 2,300 point of sales. By 2020, the group plans to invest €330m, to reach its target of opening 67 new stores and update a further 81 across Italy.

Selex currently offer shoppers click and collect and home delivery from 44 store locations. Meanwhile, in 2019 the group claims it has improved its price / quality ratio and focused on enhancing its ecommerce. In addition, Selex developed Animali che Passione a concept aimed at pets in 2019. The group claim the channel is expected to achieve a turnover of €15m.

Future developments

Alessandro Revello, Selex’s president said its aim in 2020 is to focus on the digital area and the control of new consumption model. Separately, Selex plans to expand its click and collect and home delivery services, by introducing it in new regions to extend its shopper reach. The goal for 2020 is to continue to increase growth and generate a turnover of €11.6 bn.

 

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