Dansk Supermarked has reported revenue growth of 4.6% for the first quarter of 2013, across all formats and countries.
Denmark shifting towards discount
In Denmark, volume continued to shift towards discount stores as they benefited from more Sunday openings. Profit (EBITDA up 11.8%) was boosted by cost cutting, the turnaround of Netto in Sweden and closure of non-performing stores. Dansk opened six new stores and closed three during quarter one.
Finding new ways to grow
In a challenging market, Dansk is continually seeking new ways to drive revenue and traffic to its stores. Two initiatives have been put in place since the end of the first quarter:
- A new agreement with Danish parcel delivery service Swipbox should help drive traffic to Dansk stores in future. Customers will be able to collect parcels form a Føtex or Bilka store of their choice. This applies not only to items ordered online, but also private post sent from one person to another.
- Dansk and CKE Restaurants Holdings are to open the first Carl's Jr restaurant in Denmark in autumn 2013. The restaurant will be inside a Bilka hypermarket in Naestved. This marks the US restaurant chain's first opening in northern Europe.
And in related news, Dansk has appointed Chris Nicholas, former chief financial officer of Tesco Poland, to head its own finance function.