Real: sector development in
the food retail business

Food retail in Germany developed much less strongly in financial year 2014/15 than the non-food sector. Especially in the first half of the reporting period, it achieved only slight nominal growth. The reason for this was the stagnation in prices that occurred for part of the time. In like-for-like terms, however, Real succeeded in growing somewhat more strongly during this period than the market as a whole.

In the second half of financial year 2014/15, the development in the food retail business also remained altogether weak, despite a slight increase in the rate of price rises for food products. At the same time, price competition in the food sector intensified further.