Belgian discount supermarket operator Colruyt continues to look well positioned to benefit from the current economic environment with the firm posting a rise in sales and earnings for its fiscal first quarter. In the three months to the end of June, Colruyt's sales increased by 5.5% to EUR2.05bn, while like-for-like sales increased by an impressive 5.8%. Belgium has proven more resilient than many of its Eurozone counterparts over the last two years, but consumers remain wary and this has boosted the appeal of Colruyt's low-price retailing model.
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