Quick Take — Eurospin over 9 billion turnover. Ready to land in Serbia

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The Eurospin network has about 1,340 stores. At the beginning of September it will open 3 more: in Parabiago, Orte and Terni. In 2024 it cut the ribbon at 35 new pdv…

In 2024 the Eurospin Italia group achieved a value of production of 9.14 billion, 4 .9%, an Ebitda of 635 million (-2%) and a profit of 395 million (-7.4%). Net retail revenue growth (9.03 billion) stopped at 5%, half the average from 2019. And the margin ratio also lost half a point to 7%. Eurospin is the only Italian retailer with international projection (about fifty stores in Slovenia, Croatia and Malta and soon in Serbia), except for Conad in Albania, which relies on third-party entrepreneurs, and Crai in Malta.
In Italy, the market share in the discount channel exceeds 31% and 8% in the large-scale retail trade. Average revenues per pdv are 6.8 million . 100% of the offer is own brand.

About the GS- Carrefour operation and the Benetton – Delvecchio consortium

“Someone still has to explain to me why, in a retail market that needed concentration [and expertise], the government allowed a group that didn’t even have a delicatessen, to buy GS (which belonged to Sme =IRI= Italian State!) and then resell it quietly to a foreign group (Carrefour) after a few years” Mario Gasbarrino. This also applies to the New Princes operation

Quick Take — Carrefour Italy announces a ‘strategic reorganisation plan for its headquarters’

‘Employment impacts’ for 175 employees

On this subject, read this article, an excerpt of which I enclose: Carrefour is reported to have begun negotiations with Conad, Lidl and Esselunga to sell off the entire network (the news is confirmed by Repubblica on 6 July 2025: ‘ The decision is closely linked to the complexity of market conditions in Italy, where the large-scale retail sector is characterised by intense and fragmented competition, declining purchasing power and constant pressure on margins, caused by energy and logistics costs and rising interest rates’). Then there is the squeeze of the discounters that are advancing and there are the hypermarkets that continue to retreat.

Compiled 5 July, updated 6 July 2025

Quick Take — Rome: discounters at 24.6%

The supermarket model, in Lazio, is the pivot on which the entire distribution machine revolves: with 6.52 billion euro turnover (6.9%), it now covers 55.1% of the market, marking an increase of 2.12 percentage points in share compared to the previous year. A confirmation of the centrality of this format in a city that rewards proximity and frequency of purchase.

discounters continue their run, recording a 6.1% increase in turnover to EUR 2.91 billion, with a market share of almost 24.6%. This confirms that, even in a metropolitan context, price remains one of the main purchasing drivers, especially in times of inflation…

Conad and Selex leaders. Eurospin follows. Hypermarkets are doing badly.