Auchan buoyed by eastern European growth

The international marketing magazine for fresh produce buyers in Europe
Mike Knowles

BY MIKE KNOWLES

@mikefruitnet

Auchan buoyed by eastern European growth

Sales rise by almost 6 per cent but increased competition limits supermarket growth in France and Italy

Auchan buoyed by eastern European growth

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French retailer Auchan has announced an increase in sales for 2007 with economic progress in central and eastern Europe.

Sales excluding VAT rose by 5.8 per cent to €36.7bn for the year, while hypermarket sales increased by 6.7 per cent to €29bn.

However, supermarket sales were less robust due to a mixture of increased competition and economic slowdown, particularly in France and Italy.

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