date:Mar 14, 2013
ped to 33.1 million from 38.4 million. Net sales rose to 1,118.2 million from 1,077.8 million. A decline in the artisan channel was not as pronounced as in the previous quarters. Bakery Supplies Europe compensated with growth in the in-store bakery channel.
As many consumers in Western markets had to cut their spending, supermarkets got a boost as a primary outlet for bakery products, CSM said. With an offering of high-quality but premium-priced products, artisan bakeries have a natural disadva