As two of EMD’s members announce results, Italy-based Selex and Spain-based Euromadi, we look at how the two organisations have performed in 2015 and what drove their growth in the year and continues to do so in 2016.
Selex sees sales rise 5.6% in 2015 in Italy
Selex has announced its 2015 results at its Annual Assembly saying that its total turnover rose 5.6% to €9.95 bn. The company said that it had benefited from its strong promotions, through which shoppers had saved more than €450m, and its private label ranges, especially in the premium and health and wellness categories.
The company also noted how the positive performance had continued into 2016, with its total turnover rising by 4.9% in the first four months of the year and by 0.7% in like-for-like terms. Selex said its performance in 2016 was particularly strong given that, according to its own figures, the market had contracted by 1.3% during the timeframe. It said that private label sales had risen 15% during the first four months of the year, which had benefited from the launch of a dedicated site.
Looking forward to the rest of 2016, Selex said that it was set to invest €152m in the addition of 69 new stores and to modernise existing sites. Selex said it would also continue to invest in improving its supply chain and in improving its offer, with a particular focus on the fresh and the health and wellness categories.
Euromadi sees sales rise to €13.7 bn in Spain
Euromadi Spain said that it ended 2015 with its total turnover reaching €13.73 bn. Euromadi said that its members accounted for a 20% share of grocery sales in Spain and 44% of the modern perfumery and drugstore channel. The organisation said the positive performance seen in the year had continued in 2016, driven by the growth of its existing members, where turnover had risen 5.5% and the incorporation of Auchan Spain. Together these developments had led to turnover exceeding €17.5 bn during the first six months of 2016.
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