Spainish Eroski nearly bankrupt
date:Jul 02, 2013
of which 25% was let go, is integrated into other companies. Eroski could not compete with the low prices of its competitors.

Growing debts

To cope with the growing debt, the cooperative has developed a strategy for 2013-2016, which is aimed at reducing costs and lowering prices. A new orientation is toward revised concepts for hypermarkets and convenience stores, and customer loyalty.
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