Increase for Migros specialist stores

The Swiss Migros Group increased its net retail sales last year by 7.2 per cent nominally to CHF 22.870 bn. Without the sales of the Tegut chain, which was acquired at the beginning of 2013, a plus of 1.6 per cent remains. The total sales figure contains CHF 1.344 bn from the specialist store division, which includes Do it + Garden, a DIY sales channel, and the Obi franchise stores in Switzerland. Their sales were two per cent above the previous year’s result in nominal terms. Real sales growth of 1.6 per cent is the result for the specialist stores when a 3.6 per cent rate of deflation is taken into account.