2024-09-03 05:50:08
Food
Economy

Food Retail Sales Soar to Record Heights Despite Overall Decline

Image used under license from Shutterstock.com

Germany's food retail sector achieved a new sales record of 204.5 billion euros, driven by major gains from discounters like Aldi and Lidl. Supermarkets Edeka and Rewe claimed a 42% market share, while smaller stores made up the remainder.

The industry saw a decrease in the number of food stores, with 16,000 discounters and 12,200 supermarkets in operation. However, the sales growth lagged behind soaring food prices, which escalated by over 12%.

Consumer behavior shifts due to changing crises have significantly impacted the success of different business models.

gmx
3. September 2024 um 02:04

Food retailers break record - still revenue decline

Economy
The food retail trade in Germany achieved a sales record of 204.5 billion euros in 2023; Discounters like Aldi and Lidl had the largest sales increases; Supermarket chains like Edeka and Rewe accounted for 42% of the market; Self-service stores and small stores shared the rest.
tz
3. September 2024 um 02:03

Food retailers break record - still a decline in sales

Economy
Finance
The food retail trade in Germany reached a sales record of 204.5 billion euros; food discounters like Aldi and Lidl with the largest increase in sales; supermarkets only increase slightly despite rising prices; changing crises influence shopping behavior and the success of business models.
CW

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