Conditions in the Greek supermarket sector are fluid and unpredictable, Aristotelis Panteliadis, CEO in Metro AEBE said on Wednesday, according to ANA.
Speaking to reporters to present the group’s entrance in the home items and Ho.Re.Ca. markets, Panteliadis noted: “The landscape in the supermarket sector has not stabilised and it will not stabilise this year. It is a fact that there are more supermarket stores in the country now compared with 10 years ago, while the market has shrunk by 25 pct during this period. Turnover has fallen significantly compared with the period before the crisis. The situation remains fluid and enterprises that are not well organised and don’t have good results face greater difficulties”.
In 2018, Metro will complete a three-year programme to renovate the Veropoulos network, as part of an investment programme worth 45-50 million euros this year, after investing 45 million in 2017. The group plans to open its first store in Cyprus, to expand its distribution network in Northern Greece and to expand its distribution center in Inofyta in 2019.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
