Daily consumer goods sales up by 7.3% in Finland

Supermarkets, convenience stores and hypermarkets enjoyed the strongest sales growth.

The sales of daily consumer goods increased by 7.3% in August compared to the same one month one year ago, according to the Finnish Grocery Trade Association (FGTA). The total retail value of daily consumer was EUR 1.3859 billion in August. The price of daily consumer goods also increased by 5.7%, with groceries and non-alcoholic drinks going up by 5.9%, alcohol and tobacco by 9.1% and consumer goods by 1.0% from one year ago.

Supermarkets enjoyed the strongest sales growth in August with an increase of 9.3%, followed by convenience stores (8.8%), hypermarkets (8.0%), small stores (6.1%), and small supermarkets (1.3%). The total value of daily consumer goods sales in period January-August 2012 was 10.5633 billion, which was 5.7% more than in the corresponding period last year. The FGTA's members' share of the Finnish retail market for groceries is approximately 95%.

Turnover growth

The turnover of the FGTA’s department store and hypermarket chain members was EUR 589.8 million in August 2012, which represented 4.9% growth from the previous year. Grocery sales performed the best with 7.6% growth. The sales of home and leisure products increased by 1.9%, and the sales of clothing by 0.3%. Total turnover from all consumer goods increased by 1.4%.

The cumulative turnover of department store and hypermarket chains in the period January - August 2012 was 4.5631 billion, increasing 4.6% from the same period in 2011. Turnover from grocery products increased by 5.6% and from all consumer goods by 3.2%. The turnover from home and leisure products went up by 3.6% and from clothing by 2.4%.

The turnover of the FGTA’s members from the wholesale trade with hotels, restaurants and cafes was 177.7 million in August 2012, which was 9.1% more than one year ago. Their turnover in the period January - August increased by 8.1% to a total of EUR 1.2658 billion.

Source: Finnish Grocery Trade Association