Page 12 - Lionel Souque News Today : Breaking News, Live Updates & Top Stories | Vimarsana

German distribution group Rewe has seen its sales shoot up by more than 20 % last year. Gross profit rose as well, despite major losses in the group s travel division.   Biggest turnover ever Rewe experienced a record-breaking year in 2020: the supermarket group saw sales increase by 20.4 % to 75.3 billion euros. In its German home market, sales increased by 12 % to 26.5 billion euros. This increase was mainly thanks to independent Rewe franchisees who, on average, sold well over 20 % more.    The acquisition of wholesaler Lekkerland boosted the figures by almost 13 billion euros. Growth abroad, however, was much slower: the group s Eastern European stores only recorded a 2.4 % increase in sales, reaching 10.4 billion euros. Austria accounted for a growth of 4.3 %. Discount chain Penny contributed 13.8 billion euros in sales, with a 5.4 % increase in sales in the German market and an 8.3 % growth in other European countries.

Region flamandeLionel souqueEastern europeanகிழக்கு ஐரோப்பிய