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Discounter strengthens 2018 numbers of beleaguered wholesale distributor

Again, Denner is Migros' sales driver

Next week, Migros will present its sales figures for the past year. They will not be quite as spectacular this time, according to the rumours. And it's already clear which company will once again strengthen the figures of the orange giant: Denner. This was reported by the Tagesanzeiger.

The discounter, which Migros acquired in 2007, posted an increase of 4.3 percent to 3.2 billion Swiss francs, an even better result than last year, as this newspaper has learned. Taking inflation into account, real growth stands at 3.9 percent. Part of this goes back to the slight expansion of the store network, which includes 817 shops, counting all its partner companies. However, Denner also clearly grew organically and with the increase in sales, it has out-performed the entire food market once again. This, according to Credit Suisse, grew by 1.5 percent.

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