Supermarket turnover grew 9.5% in the January-October period, totaling 7.446 billion euros from 6.821 billion in the corresponding period in 2022, Circana (former IRI) said in a report on Wednesday, ANA reports.
Circana said that the volume of sales grew 1.7% in the same period, evidence that the increase in the value of turnover was mainly driven by inflation. Private label products saw their market share rising to 26.2% in the 10 months from 25.7% in 2022, with a growth rate of 11.9%, exceeding an 8.7% growth rate in brand products.
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