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Swiss retailer Migros reports stagnant 2010 sales

Posted on 5 April 2011

migros[1]

Switzerland’s largest retail group Migros has reported flat sales and profits in their 2010 end of year results. Annual profits did rise, but only by 0.9% to 581.6 million Swiss Francs. Migros cut product prices by 2.1% last year but  the overall share of the retail market fell slightly to 20.1% from 20.4% the previous year. Despite this, Migros CEO Herbert Bolliger described 2010 as ‘a very good year’.

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