Casino group announced it will sell another €2bn of assets by the first half of 2021. This follows an earlier phase of store disposals that will be completed by Q1 2020 for a total of €2.5bn, bringing the total of assets sold to €4.5bn. Focus on profitable formats and business areas The retailer will focus on its higher performing formats: ecommerce (Cdiscount), premium (Monoprix) and conve...

GPA has reported gross revenues of BRL$14.2bn (US$3.7bn) for Q2, an 11.3% year-on-year (YOY) increase. This is despite comparative like-for-like performances being affected by a slower recovery of the economy and a particularly strong comparative sales performance in 2018 as a result of the football world cup.   Assaí accounts for over 50% of gross sales In Q2 gross sales for GPA’s Assaí ...

France-based Casino has said its consolidated net sales rose by 1.1% in total, to €8.988 bn, with same-store sales up by 2.3%. The retailer’s performance was driven by the continued strength of its Latin America-based operations, with support coming from its stores in France and Cdiscount. Separately the retailer highlighted several highlights it had generated in the first half. For our look a...