Mercadona FY results hit by price cuts

Date : 05 March 2015
Spain-based Mercadona has announced full year results for 2014 saying that revenue, including tax, rose 2% to €20.16 billion. However, the retailer suffered from a contraction in like-for-like sales, of 0.5%, with it noting that price cuts had led to a smaller basket size for some shoppers.…
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