Dutch online-only supermarket Picnic continues to raise both its turnover and its losses, as it says investing in growth comes before profits. The first (tentative) profit figures in the Netherlands do offer a hopeful perspective.
Invest in growth
Picnic’s turnover grew 34 % last year to 1.2 billion euros, according to the annual report that Dutch newspaper the FD quotes from. However, the retailer also sees its losses grow,…
