Mercator endures early year struggles

The international marketing magazine for fresh produce buyers in Europe
Carl Collen

BY CARL COLLEN

Mercator endures early year struggles

Slovenian retailer sees year-on-year profit slide through the opening quarter of the year

Mercator endures early year struggles

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Mercator, Slovenia's largest food retailer, saw group profits fall through the first quarter of 2012 as the country was hit by slow economic growth and rising unemployment.

The group reported that profit fell to €0.7m from last year's €10.2m, despite sales climbing 3.6 per cent to €676m.

"A significant economic slowdown, increase in jobless rates and lower real disposable income have resulted in reduced spending," the group said in a statement.

 

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