Selex predicts strong turnover for 2020

Date : 18 January 2021

Lucy Bellotti

Retail Analyst

Italy-based Gruppo Selex announced it expects to have increased its turnover by 31.7% to €16.2 bn in 2020. Meanwhile, it said it had enjoyed a strong start to 2021 with the joining of the SUN consortium as shareholders.

Strong sales performance

Selex announced its total turnover is expected to reach €16.2 bn in 2020, an increase of 31.7% compared to 2019. The group ended 2020 with 3,207 stores across Italy. It plans to invest a further €360m to open 72 additional stores and renovate 135.

Improving its private label development

Selex revealed purchasing group SUN (Supermercati Uniti Nationali) consortium, which is made up of five members including, Cadoro, CEDIGROS, Gabrielli Group, Gulliver and Italbrix had joined it as shareholders. This followed CDS, a Sicily-based organisation, joining the group in 2020.

The group claims its private label sales were €1.4 bn in 2020 and that it plans to expand its private label development, through the addition of Consilia SUN’s private label range.

 

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