THIRD-LARGEST DISTRIBUTOR IN ITALY
Selex is the third-largest grocery retail-distribution group in Italy. It is made up of 14 associate companies, all of them deeply embedded in their local retail economies and some of them also local market leaders.
The Group has grown steadily in recent years.
Between January 2007 and January 2017, Selex increased its market share in the hypermarket/supermarket/ convenience store/cash & carry channels by 3.6 percentage points, from 8.3% to 11.9% (Source: IRI).
With a retail network of 2,501 outlets ranging from hypermarkets to convenience stores located in 90 provinces and in more than 1,700 municipalities, and with a combined total floorage of 2.2 million square metres, Selex can cater to the unique needs of its customers up and down the country.
HIGHLY RESPONSIVE TO LOCAL DEMAND
Because its associate companies are so well integrated into local economies and are therefore capable of responding meaningfully to local needs and demands, Selex has been outperforming its rivals for years. The Group continued its robust performance in 2017 with a turnover of €10.7 billion, up 4.1% on the previous year.
Operating in a market that continues to fluctuate, Selex has continued to open new stores and to restructure existing ones, thus reinforcing both the strength and the quality of its network.
2018: AMBITIOUS DEVELOPMENT PLAN
The associate companies of the Selex Group have ambitious expansionary plans for 2018.
All told, the companies have 69 new openings planned for the year, which will add a total retail floorage of 110,900 square metres. They consist of: 19 superstores, 27 supermarkets, 20 discount stores and 3 Cash & Carry outlets.
Some 59 renovations have been planned, mostly of supermarkets but also of discount stores and superstores.
The expansion and modernization of the existing network will cement the local market penetration of the associate companies of Selex and boost their commercial performance.
To finance the expansion and renovation work, the Group has set aside €330 million, a 50%-plus increase with respect to 2017.
One of the goals of this very capacious plan of investment is to increase turnover in 2018 to €11.22 billion, 4.2% higher than in the previous year.