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Leipzig Consum exceeds 200 million euros in revenue for the first time.

Konsum Leipzig, a cooperative food retailer, reported an increase in sales and new members for the past fiscal year. Their revenue surpassed 200 million euros in 2023, representing a 10% rise from the previous year. In spite of international political and economic upheaval along with higher...

A branch of the "Konsum" supermarket chain in Arthur-Hoffmann-Straße.
A branch of the "Konsum" supermarket chain in Arthur-Hoffmann-Straße.

Commerce in retail goods - Leipzig Consum exceeds 200 million euros in revenue for the first time.

Member sales reportedly contributed over ten percent to the total revenue of Konsum Leipzig, reaching approximately 21 million euros. This figure is a notable 11% increase from the previous year. It's also revealed that members spent approximately twice as much as the average customer per purchase. Their annual results - excluding staff bonuses and member refunds - were over 2 million euros.

Just before June, the membership count surpassed 30,000. It's believed that the introduction of the consumption app has played a significant role in driving this increase. Konsum Leipzig currently oversees approximately 60 largely small food retail stores spread across Leipzig, Halle, and the surrounding areas. Although they offer an online delivery service, a tiny portion of their total sales comes from it.

Read also:

  1. Dirk Thärichen, the managing director of Konsum Leipzig, attributed the significant turnover increase in retail trade to the members' higher consumption of food and other goods during the financial year.
  2. The retail turnover in Saxony's food sector, particularly in the city of Leipzig, exceeded 200 million euros for the first time, partly due to the rise in retail prices over the past year.
  3. According to financial reports, Konsum Leipzig's retail turnover in the food sector, excluding prices, amounted to approximately 200 million euros in the recent retail trade financial year, surpassing the previous year's figure by a considerable margin.
  4. Dirk Thärichen, the managing director of Konsum Leipzig, announced that the retail trade in their food sector reached a record turnover of over 200 million euros in the fiscal year, a notable achievement for the retail trade sector in Leipzig and the surrounding areas, including the city of Halle.

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