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GreeceBusinessSupermarket turnover up in January

Supermarket turnover up in January

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
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Supermarket turnover rose in January, boosted by higher inflation, while consumers cut back the volume of purchases, IRI said in a report on Tuesday. More specifically, turnover grew by 6.9% in January compared with the same month last year, reflecting price increases of up to 10%. Sales totaled 652 million euros from 610 million in January 2022.

The value of sales rose 7% while volume fell by 2.5% in January. IRI said private label products raised their market share to 17.7% in January, from 16.4% in December 2022. IRI said the value of sales grew 5.7% in packaged food, 12.3% in personal care products and 11.9% in detergents. However, the volume of sales in packaged food fell 2.9%, it grew 1.2% in personal care products and fell 2.3% in detergents.

Large supermarkets recorded an 11% increase in turnover, raising their market share to 15.1%, followed by very small stores with a 10.5% increase in turnover and a market share of 13.9%.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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