Strategic business units

Cooperative Retailing

The Migros Group recorded further growth in its online business in 2022. In-store retailing was affected by a return to normal after the pandemic. At CHF 16.774 billion, the consolidated sales of Cooperative Retailing were down slightly (–1.9 %).

The ten regional Migros Cooperatives (including subsidiaries) recorded net sales of CHF 15.904 billion (–2.0 %) in 2022. Foreign business accounted for CHF 1.384 billion of this figure. The expected decline was due to the normalisation of demand after Covid–19 measures were lifted. Together with the sales of Migros Online, Miduca, the FMC and other companies, consolidated sales amounted to CHF 16.774 billion (–1.9 %).

The supermarkets and hypermarkets posted sales of CHF 11.947 billion (–3.2 %) in Switzerland; including the business of Migros Online, sales amounted to CHF 12.276 billion (–3.1 %). Sales abroad decreased by 6.3 % to CHF 1.384 billion.

5.5 %

more footfall in the supermarkets and hypermarkets

Footfall increased

Due to the rising cost of raw materials, packaging and energy, prices in the supermarkets and hypermarkets had to be increased in 2022, but only by a moderate 1.2 % on average.

As a result of subdued consumer demand, the average basket value per purchase was lower than in 2021. However, footfall in the supermarkets and hypermarkets increased for the second year in succession, reaching 351.3 million purchases (+5.5 %).

The range of plant-based meat and dairy substitutes sold under the own brand V-Love increased to more than 150 products in 2022.

Environmental responsibility

Migros underlined its commitment to the environment in 2022 and expanded its range of sustainably produced food. The range of plant-based meat and dairy substitutes sold under the own brand V-Love increased by about 40 products to more than 150 (including seasonal products). All disposable plastic cutlery was replaced in the Migros branches at the end of 2022, a move that will save 17 tonnes of plastic material per year.

Sales of products with ecological or social added value increased by 1.5 % to CHF 3.455 billion compared with the previous year, and organic food sales grew by 1.2 % to CHF 1.264 billion.

Sustainability

Specialist markets

The changes in the market environment were also felt by the specialist markets Micasa, SportXX, Bike World, Do it + Garden, Melectronics and OBI. Sales declined overall by 6.7 % to CHF 1.612 billion. After being hit by Covid restrictions and lockdowns in the previous years, the catering segment performed well, with sales increasing by 46.5 % year-on-year to CHF 577 million.

46.5 %

sales growth in catering segment year-on-year

Migros Online

The online supermarket Migros Online was unable to continue the strong growth from the previous year into 2022. Nevertheless, at CHF 328 million, sales were only slightly below the previous year’s level (–0.7 %). Migros thus managed to defend its leading position in the Swiss market.

Sales areas

Migros opened 19 new locations in 2022 (nine local M locations, four Bike World stores, two Alnatura supermarkets, two Teo locations and two M-Outlet branches). Five M locations were closed. At the end of the year, the Migros sales network comprised a total of 748 locations (previous year: 735). The sales area of the supermarkets and hypermarkets, the specialist markets and the restaurants and takeaways increased by a net 0.79 % to 1’448’891 m².

Financial results Cooperative Retailing

in CHF million	2022	2021	Change in %
Net revenue from goods and services sold
Cooperatives incl. branches 1	15’904	16’277	–2.3 %
FMC	5’445	5’434	0.2 %
Migros Online SA	328	330	–0.7 %
Logistics	389	408	–4.8 %
Other companies	3	0
Total net revenue from sales of goods and services sold	22’069	22’450	–1.7 %

Elimination intra-sectoral	–5’295	–5’351

Sales per segment (net revenue from sales of goods and services sold)	16’774	17’099	–1.9 %
Other operating income	474	433	9.6 %
Total income	17’248	17’531	–1.6 %
Earnings before financial income and taxes	245	430	–43.0 %
Segment assets	10’655	10’597
Investments in long-term assets	1’103	1’059
Employees	63’830	65’142

1 Cooperations inclusive domestic and foreign branches

Distribution figures Cooperative Retailing

	Number of sites 2022	Number of sites 2021	Sales area (m 2 ) 2022	Sales area (m 2 ) 2021
Distribution sites Switzerland
Migros sites
M	372	368	309’134	301’309
MM	213	212	490’263	487’516
MMM	50	50	364’286	369’332
Total	635	630	1’163’683	1’158’157
MParcs/specialist market centres/Obi 1	40	40	245’487	244’129
Single-line stores 2	62	53	38’208	33’468
Total	102	93	283’695	277’597
Independent gastronomy businesses	11	12	1’513	1’561
Total sites	748	735	1’448’891	1’437’315

Distribution lines Switzerland
Supermarkets
M, MM and MMM	635	630	959’333	950’945
Alnatura 3	20	19	7’566	7’624
Other supermarkets 4	9	9	13’996	13’605
Total supermarkets	664	658	980’895	972’174
Specialist markets
Do it + Garden	41	41	97’324	96’685
Micasa	36	35	70’046	69’434
SportXX	69	65	83’643	79’561
Melectronics	98	101	38’574	39’636
Obi DIY superstore/garden	11	11	90’069	90’069
Total specialist markets	255	253	379’656	375’385
Gastronomy
Total Gastronomy 5	227	235	83’811	89’756

Distribution sites other countries
France (Migros France)
MMM	2	2	10’883	10’883
MM	1	1	1’638	1’638
Germany
Tegut	315	296	323’081	313’040
Total other countries	318	299	335’602	325’561

Wholesaling cooperatives and other
Migros Partners	51	49
VOI	65	61

Leisure and foundations
Aquaparcs 6	2	2
Sportparcs	3	3
Golfparcs	6	8
Foundations "Park im Grünen" and Monte Generoso	5	5

1 Site may include super/hypermarket branches

2 Outlets, Alnatura Bio supermarkets, independent Outdoor by SportXX stores, etc.

3 Alnatura is now shown separately; the area was previously assigned to M/MM/MMM sites

4 integrated in MParcs or specialist market centres

5 M-Restaurants, Takeaways and other gastronomic formats (Kaimug, Hitzberger, Coffee&Time), Säntispark, Bernaqua

6 Säntispark, Bernaqua