Migros’ DIY stores turnover decline

The Swiss DIY chain, Do it + Garden turned over CHF 308 mio last year. That’s 3.0 per cent less than in 2013. If one deducts the minus inflation rate of 0.8 per cent for this specific product group, then a real term minus of 2.2 per cent remains. In the Obi stores in Switzerland the turnover declined by 0.8 per cent to CHF 217 mio. Both chains are operated by the trading group Migros the franchisee of Obi in Switzerland. Migros turned over € 1.673 bn last year in its entire specialist stores’ division, adding up to a turnover decrease of 0.6 per cent compared to the previous year. Taking into account a deflation rate of -2.9 per cent, this gives a 2.3 per cent growth in real terms.