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Jumbo Group Sales Increased By 3.5% In Quarter

Despite the exceptionally difficult economic situation due to the austerity measures and the repeated strikes, Greek retail company Jumbo increased sales by 3.5% y-o-y during the first quarter of the current financial year (July 2011- June 2012). The Group’s budget for the current financial year is sales to grow between zero (0%) and two (2%), according to a statement. 

This performance is attributed both to the strategic thesis of the Group to invest in new stores during the crisis and to the better performance of the existing stores’ network than the rest of the market. The Company constantly monitors the consumer needs and remains consisted with its clients by offering a wide variety of product, at competitive prices.

Today, the Group operates a network of 54 stores of which 45 are in Greece, 3 in Cyprus and 6 in Bulgaria.

In the next couple of months the Group will launch two new stores in Greece, one rented store in Spata (Attica) of total surface 9.000sqm and one owned in Giannitsa of total surface 9.000sqm while two more stores will open in Bulgaria on the first half of 2012.
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