date:Apr 07, 2014
Switzerland's largest retailer, Migros, posted a net profit of 771 million francs for the recent financial year, on the back of record sales.
This was up 47 million francs on the previous year, as sales were boosted by the 2012 purchase of German retailer Tegut.
The cooperative group said this week that revenues rose 7% to 26.7 billion francs from the previous year.
CEO Herbert Bolliger said he expects stable prices in 2014 for Migross supermarkets and hypermarkets, although he expects press