Spain-based retailer alliance Euromadi, which is part of the pan-European alliance EMD, reported sales rose 11.15% in 2019 to €21.53 bn.
Wide base of growth…
Euromadi reported that its members saw organic growth of 4.5%, which it said was ‘double the market growth’, while it also benefited from the addition of new members, Perfumerías Douglas, Makro Cash & Carry and Supermercados Codi. The last company, which is based in Andalusia, it said, helped grow its regional presence too. At the end of 2019 its 133 associated members operated 14,349 stores, 390 cash and carry warehouses and 2,176 perfumeries and drugstores.
…Across brands and private label products too
Euromadi said sales of branded products rose ‘close to’ 5%, while private label products generated sales of nearly €1.4 bn.
Despite COVID-19 it has approved its 2021 – 2023 Strategic Plan
Euromadi’s 2016 – 2020 Strategic Plan will come to an end this year, with its chief executive, José Mª Rodríguez, noting that ‘despite the extraordinary situation and anticipating the challenges of the next three years, we have approved the Strategic Plan 2021-2023’. The 2016 – 2020 plan centred on 12 large projects, such as digitisation, maximising efficiency and supporting the development of new formants, amongst others.