FRANCE: Leclerc reports modest FY growth | Progresiv

E.Leclerc has reported a modest rise in sales for 2015, accompanied by a minor increase in its domestic market share. For the year, the group saw its sales grow by 3.4% to 35.6 billion euros, with food sales up 5% and non-food sales growing by 1.2%. Leclerc also said it recorded growth at its ‘Drive’ channel.

The results helped the group increase its French grocery market share by 20bps to 20.2%, and CEO Michel Edouard Leclerc attributed the results to “a consistent policy on low prices”.
Leclerc has recently said it plans to invest 1 billion euros over the next three years, with around 60% of that going towards improving its logistics. (www.kamcity.com)