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UK retailer Tesco tops food sales market in Hungary for 2009.

By bne IntelliNews April 21, 2010
UK retail chain Tesco occupied the leading position on the retail food market in Hungary for 2009, according to a survey of market researcher Nielsen. Total turnover of Tesco amounted to HUF 638.4bn (EUR 2.4bn) for the year and it was followed by local retailer CBA with HUF 547.5bn and Coop with HUF 510bn. Tesco operated a branch network of 176 stores at the end of the year while CBA had 3,054 outlets and Coop controlled 5,250. There were no changes in the ranking from the previous year. Fourth and fifth on the list came Austrian Spar with total sales of HUF 397.4bn and Real with HUF 358bn, respectively. Nielsen added that Lidl, Penny Market, Aldi and Profi were the four largest discount store retailers in Hungary in 2009. Their combined turnover was estimated at around HUF 430bn for the year.

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