Spanish grocer Eroski reported a 6% decrease in gross sales during 2009 to €8.43bn (£7.6bn) as the retailer’s price cuts amid weak consumer confidence weighed on sales.

The retailer also reported a net loss of €69m (£62m), a drop of 29% on last year, as Eroski’s results continued to be hit by its high debt. This was despite the retailer managing to cut operating costs 5.7%, or €111m (£100m), by increasing efficiency throughout the business.

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