Finland’s grocery trade enjoyed good growth in December 2010

Large supermarkets, hypermarkets and department stores all recorded more than 6% growth in sales.

The sales of groceries by the members of the Finnish Grocery Trade Association grew by 5.2% in December compared to same period one year ago. Their total sales amounted to EUR 1.319 billion in December. The Finnish Grocery Trade Association's members’ share of the Finnish retail market for groceries is approximately 95%.

Large supermarkets enjoyed the biggest growth in sales in December with a 6.8% increase, followed by hypermarkets and department stores with a 6.3% increase. Small supermarkets and small stores recorded 0.9% growth.

Finland’s grocery retail trade was worth a total of some EUR 13.5 billion in January - December 2010, representing 0.3% growth from the year before. Sales grew fastest in the large supermarkets with 2.4% and in the hypermarkets with 1.3% . Sales decreased by 1.4% in small shops and by 3.9% in the small supermarkets.

In December, the turnover of department store and hypermarket chains increased by 1.9% from the same period one year ago, with groceries (4.4%) and clothing (0.8%) recording the best growth. For 2010 as a whole, the total turnover of department store and hypermarket chains grew by 2.7% from the year before to about EUR 6.7 billion. Compared to 2009, turnover increased the most for groceries (3%), home and leisure products (2.4%), and clothing (2.1%) .

Source: The Finnish Grocery Trade Association