Edeka Südbayern reports positive sales growth in 2018
Edeka, Thursday, May 23, 2019
Edeka Südbayern, a major regional division of Edeka Group, reported 3.1% growth in sales in the fiscal year 2018, to EUR2.59 billion, driven by the above average growth recorded by the 740 members of the cooperative business group. Group sales of Edeka grew by 11.8% to EUR4.78 billion in the same period.
Edeka Südbayern chief executive Claus Hollinger said that he was impressed with the performance of former Kaiser's Tengelmann stores which were converted to Edeka outlets. In 2018, the retailer operated 959 supermarkets and hypermarkets in the Südbayern region. (German language)