Germany's Kaufland was the only player in the ranking of thefive biggest players in modern food retail to register a profitleap last year, on a market where the crisis ate into companies'profit margins, according to the data operators reported to theTrade Registry. In the absence of organic sales increases, majorretailers cut their profit margins to 2-3% last year from 3-5% in2008, with the steepest decline being posted on the cash &carry store segment, viewed as the most mature segment of themarket. Last year, cash & carry stores were still moreprofitable than hypermarkets. At the top of the ranking of profitsper operational store is Selgros, a network operated by Germany'sRewe, with almost 1.4m euros, followed by Metro. Overall, the 108stores operated by the top four retailers that are not loss makinggenerated 95m-euro profit or 0.9m euros each in 2009. In terms ofsales, the five biggest store networks on the market handle morethan half of modern retail, a market put at 7-8bn euros. Balancesheet data show the five companies last year derived 4.7bn-euroturnover, down 5% from 2008.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
