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System U revenues and market share progress

The Group of Independent Distributors System U has seen its turnover increase by 2.3% in 2018, to nearly 20 billion euros, while regularly gaining market share, they announced Tuesday, January 29. The company, which includes the Hyper U, Super U, U Express and Utile brands, recorded last year a turnover excluding fuel up 2.3% to 19.94 billion euros to park not constant, she says in a statement.

“After 32 periods in growth or stability, the market share of Stores U stood at 10.7% at the end of 2018 (+0.1 points),” the statement added. With 1,579 stores, Système U, whose CEO Dominique Schelcher replaced Serge Papin in May, has become the fifth largest retailer in France.

In particular, the group recorded revenue from U (distributor brand) products at € 4.3 billion, up 3.8%. They now account for almost a quarter (23.1%) of total U-Store sales.

“The organic products of the U brand are also experiencing a very good growth (+ 18.2%), a reflection of a consumption trend that settles durably in the daily lives of French,” said System U in its statement. The growth of fresh craft (butchery, fishmonger, bakery, cheese cut …) is 3.2%.

“The quality agreements initiated by Système U with the sectors, focusing on local products and from short circuits, have contributed to this development,” says the group.

“Our cooperative model echoes the high expectations of consumers in terms of commerce: proximity, quality products and human relations, and we proudly claim our attachment to the particularities of each territory and the daily work carried out with our customers. partners, a dynamic that will continue in 2019, with more than 25 store creations and 50 rallies, “the company added.

Source: challenges.fr

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