Selex launches €320 million investment plan

Following the results posted in 2018 (estimated revenues of €10.95 billion, up 4.3% on 2017), the Selex group has approved a 2019 investment plan worth €320 million consisting of 54 new store openings and a total of 182 renovations throughout Italy.

Image credits: Selex

For the country’s third largest retailer with a 10.5% market share and the second largest player in the cash&carry channel at 19.2%, this marks an extensive development programme that is expected to lead to revenues of €11.4 billion in 2019.

Selex has invested more than €2.4 billion over the past decade, establishing a presence in all Italian regions with a total of more than 2,300 stores.

In particular, it has significantly strengthened its position in the pet segment with the new ‘Animali che passione’ brand (the number of stores is expected to double in 2019) and with the CosìComodo e-commerce portal which currently operates on a click&collect basis but is expected to see the launch of a home delivery service over the coming months.