Denner takes full advantage of pandmic crisis in 2020

Zurich (awp) – Denner, controlled by the Migros cooperative, ended 2020 with sharply higher sales, in part thanks to an increase in domestic consumption linked to the pandemic crisis, the Zurich-based company said on Monday.

Last year, the discounter’s turnover jumped 15.7% to 3.8 billion Swiss francs, the company said in a statement.

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The 570 branches generated 3 billion Swiss francs, up 15.6%. As for the 268 surfaces managed by Denner’s partners (franchised stores), they recorded revenues reaching 0.8 billion, which corresponds to a rise of 16.2% compared to 2019. To cope with this growth, Denner created 479 new jobs last year.

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In 2020, Denner expanded its branch network by opening 16 new sales areas. With the outbreak of the coronavirus crisis, household habits have changed slightly, marked by a significant drop in the frequency of visits of 0.4% compared to the previous year, but with more spending during each visit to store. As a result, the average value of the shopping cart has appreciated by 16%.

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