date:Jan 20, 2014
Switzerland's largest employer and supermarket chain, Migros, announced that net sales for 2013 rose by 6.9% thanks to organic growth and its 2012 acquisition of German retailer Tegut.
The significant net sales increase saw revenue rise to 26.7 billion Swiss francs (CHF), with retail revenue up 7.2% to CHF22.9 billion.
In a statement released this week, the group said results were boosted by its acquisition of Germanys Tegut, but noted that underlying sales were up 1.6%.
Sales in its home ma