Despar in Italy closes 2020 with turnover of 3.9 billion (+ 8.4%)
40 new supermarkets are expected to open in 2021
Despar in Italy closed 2020 with a turnover of 3.9 billion euros, up 8.4% compared to the previous year. 68% of the turnover was generated by direct points of sale and 32% by affiliated stores, a fact which confirms the important strategic role of affiliation for the Despar Consortium. The distribution of turnover by brand sees 37% originating from the points of sale under the Despar brand, 36% from Eurospar and 27% from Interspar. To support the performance of Despar Italia, the opening of over 60 stores with a total investment of 90 million euros, including new stores and renovations.
The official entry in January 2020 of Gruppo 3A into Despar Italia and the growth initiatives throughout the national territory defined by the seven companies of the Consortium have made it possible to reach a total of 1,399 points of sale for over 811,000 square meters of surface. For 2021, Despar Italia aims to open over 40 stores.
The turnover in the purchase of branded products (MDD) reached 387 million euros, with a share of the total grocery equal to 20.3%. Growth in 2020 was 9.4% compared to the previous year. The product lines that recorded the best performances were: Veggie (+ 18.2%), Despar Premium (+ 18%), Free From (+ 17.2%) and Green Choice Bio, Logico (+ 12%) .
"The results recorded in 2020 are in marked growth" - commented Paul Klotz , President of Despar Italia - "The increase is a testimony of how the companies of the Consortium have worked well even in the delicate phase of the pandemic, guaranteeing continuity of service and safety for both employees and consumers. Companies that, like Despar, stand out for their organization and solidity of values are emerging from the crisis phase strengthened, with an increasingly solid bond of trust with customers, modern and safe stores and motivated employees proud to be part of the Teaches. Based on these considerations, we are confident that 2021 will also confirm our growth path by consolidating consumer appreciation for our commercial initiatives and our products".
“In 2021 we plan to continue growing with our private label, expanding our assortment with the inclusion of new references and continuing to improve the existing one. We will also work in synergy with suppliers and companies of the Consortium to improve price positioning and increase the presence of products at the point of sale", - declared Filippo Fabbri , General Manager of Despar Italia - “We also continue to invest in advertising to support our brand and our products, affirming our values. In fact, we will be present during the year on the main national television networks”.
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