Real: developments in the food retail business
The Real sales line is Germany’s number two in large-area food retailing. The German food retail business has produced slight sales growth during the short financial year 2013. Despite the strong rise in food prices, sales growth has weakened compared with the previous year. Once again, small superstores and discounters have outperformed the overall market. Sales produced by large-area superstores with selling space of more than 2,500 square metres have finished the year nominally above the previous year’s level and at the same level of the overall market. On a like-for-like basis, large superstores have slightly increased their sales. Like-for-like sales at Real have declined slightly and have trailed those of competitors.
Following the sale of its Eastern European business, Real’s business outside Germany now consists of stores in Turkey, four stores in Romania and one store in Russia. The Turkish food retail market has continued to grow – a trend from which Real also profited. The transfer of the business in Poland is expected in the first half of 2013/14 upon approval by the anti-trust authorities.