Supermarkets to invest more than 250 million euros annually, report says

Supermarket chains invested 1.5 billion euros in the 2013-2018 period in Greece and are expected to invest more than 250 million euros annually in the coming years, the Research Institute of Retail Consumer Goods (IELKA) said on Thursday.

The Institute said that investments made in the previous five years focused on network development with new-generation stores, modernisation of warehouses, distribution networks, car fleets and other infrastructure, digital technologies and electronic distribution channels, sustainable growth infrastructure, modernisation of existing stores and vocational training of the workforce.

The report said that supermarket chains’ fixed assets grew by around 18 pct in the last five years, totaling 3.8 billion euros from 3.3 billion in 2012.