Supermarket sector is to see fierce competition this year

The supermarket sector anticipates a year of developments in 2020, after fierce competition in 2019 that saw turnover rise 3.2 percent from 2018.

The dust in the domain has settled after the restructuring that took place between 2016 and last year, with Marinopoulos' absorption by Sklavenitis, the merger of MyMarket with Veropoulos, and the buyout of Promitheftiki by Masoutis. At the same time the macroeconomic conditions are viewed as smoother and safer for conclusions and for business decisions to be made without the pressure that extraordinary conditions bring about.

Sklavenitis, MyMarket and Masoutis are unlikely to proceed with any new acquisitions, as they are still trying to return to normal operations after the aforementioned mergers. Meanwhile AB Vassilopoulos is seeking ways to enhance its turnover - as it has seen losses since 2017 - and profit margins,...