Perishables support Tottus growth as Peru food sales rise 11.1%

Grupo Falabella says fresh categories are supporting Tottus’ wider growth, while its Peruvian food business posts double-digit gains.

Its new store layouts are strengthening food and perishable categories and helping lift sales per square metre. Across the supermarket business, revenue increased 10.7% year on year in the second quarter, with perishables among the categories supporting growth.

Peru outpaced Chile during the period. Tottus revenue in the country rose 11.1% in local currency, while same-store sales increased 8.7%. Sales from the food segment also grew 11.1%.

The retailer is also continuing to expand its lower-price Precio Uno format in Peru. Revenue from the format increased 14.8% year on year, while same-store sales rose 10.7%. A new store opened in Tungasuca during the quarter.

Tottus had 92 stores in Peru at the end of the quarter, covering just over 301,500 sq m of selling space.

source: investors.grupofalabella.com

photo: wikipedia.org