Jumbo supermarket chain is noticing more thefts are occurring. According to the supermarket, one percent of sales, or around 100 million euros, are lost due to theft.
There are also concerns about unsafe situations experienced by store staff. The company will take additional measures such as increasing camera surveillance. Several new anti-theft methods are already being tested this month.
Jumbo CEO Ton van Veen emphasizes that 1 percent of the total is a significant cost: “If we can transfer this amount to a price reduction, all our customers will benefit.” Creating a safer environment for employees and customers in the store.”
11 billion sales
Jumbo announced its annual figures today. Sales increased by 7.3 percent to over 11 billion in 2023. Therefore, sales growth lags slightly behind other supermarkets. Jumbo currently has a 21 percent market share; This is slightly lower than last year.
Last year, Van Veen said he was very concerned about profit margins. In 2023, the supermarket faces rapidly rising costs. This will also be the case in 2024 due to increasing personnel costs.
However, the supermarket states that it does not want to increase the prices of A brands and private brands even further. Jumbo wants to respond to customers’ bargaining needs.
The supermarket believes it can achieve this by acting in the spirit of the family business’s former chief executive, Karel van Eerd, who died a year ago.
The supermarket should return “to the way Jumbo was intended,” the press release said. First of all, the company wants to focus on low prices and pay close attention to costs.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
