Auchan news 

06 September 2019
The Auchan Group announced it has initiated its rebranding programme, set April 2018. In H1 2019 results, it was highlighted Auchan Portugal has strong sales growth. Rebranding Auchan Retail operates under three banners, in Portugal. The retailer has started the rebranding of Jumbo and Pão de Açúcar stores, to concentrate on the Auchan brand. The Auchan Group’s €90m investment plan for 2...
06 September 2019
Auchan Retail generated revenue of €22.7 bn in the first half of its financial year, a fall of 2.4% at current exchange rates and by 0.4% at constant exchange rates. On a like-for-like basis, Auchan Retail said revenue fell by 0.8%. The retailer reported the performance of its operations in 12 countries, i.e. excluding Italy and Vietnam, and had restated them due to its concession agreement with ...
15 August 2019
Alibaba has announced its financial results for the first quarter ended June 30, 2019. Total revenue was up 42% to CNY114,924m (US$16,741m) YoY. Continue to invest in technology In a press release, Daniel Zhang, Alibaba’s CEO, said, “ We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business...
25 July 2019
As Auchan sells its final stores to the Arena Group, UniCoop Tirreno launch online and SPAR reveals 2019 investment plans, we round up news from the region. Auchan selling its final stores in Italy Auchan has sold the last remaining 33 stores to the Arena Group. The latter has sold 14 Simply stores to Crai.  The Arena Group confirmed most stores will not be closed and will continue for the ...
12 July 2019
Auchan Spain has announced its FY2018 results, reporting a 1.4% increase in turnover to €4,597m. The growth it saw in 2018 was an improvement on 2017's performance, with the most recent year's results, 0.1% higher than the previous. Investment of €109m In 2018, Auchan invested €109m, of which 40% was set aside for “the opening of new centres and teaching changes” . The remainder was put to...
09 July 2019
As part of separate initiatives, both reported by trade publication Lineaires, Auchan is set to develop shop-in-shop solutions for non-grocery ranges, while it also halting its brand convergence strategy to maintain the online Chronodrive brand. Hypermarkets to benefit from Mulliez-owned brands Lineaires reports that Auchan’s hypermarkets are set to partner with the non-grocery-focused bran...
28 June 2019
Saigon Co.op buys out Auchan’s business in Vietnam. Vietnam’s leading domestic retailer takes over It was earlier reported that French retailer Auchan will withdraw from Vietnam . In a joint statement released today, it was announced that Saigon Co.op will take over operations in the country. Existing members of Auchan’s shopper loyalty programme will be automatically transferre...
19 June 2019
As Auchan France appoints a new chief executive, Auchan’s operations elsewhere in Europe roll out blockchain technology and look to add new services to support footfall. Auchan France appoints new chief executive Auchan France has appointed Jean-Denis Deweine as its new chief executive. He takes over from Ali Khosrovi, who has left the company. Announcing the appointment, Auchan Retail’s ch...
16 May 2019
After four years in Vietnam, Auchan has decided to sell all its stores due to challenging conditions. Review of loss-making operations Auchan has 18 stores generating a revenue of US$50.4m in Vietnam. The exit from Vietnam is part of Auchan’s Renaissance action plan to put greater focus on generating profits. The retailer has also signed an agreement to sell most of its estates in Italy to...
14 May 2019
France-based Auchan has signed an agreement to sell ‘ almost all [its] activities ’ in Italy to Conad. The acquisition of Auchan’s operations in the country will lead to the cooperative becoming the market leader. Sale to require agreement of Italy competition authority No financial details were released as part of the announcement, with an Auchan spokesperson being quoted as saying, separa...