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Retailers are dampening food price growth

Retailers are dampening food price growth, says Samo, an alliance of Tesco, Lidl, Kaufland, Billa, Metro and Terno RE. It says purchase prices from suppliers went up by 17.5% last year, but retailers increased their prices by only 16.2%. Retailers’ profits suffered as a result, but so far only Terno RE has published results (its EBITDA fell from €3.5m to €2.5m). Slovaks are reacting to rising food prices by shifting to cheaper private labels; their share rose 1.2 points last year.


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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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