Casino news

13 October 2016
France-based Casino said that in its third quarter total group sales rose 6.7%, to €10.4 bn, the quickest pace of growth in 13 quarters. Despite the positive headline the retailer saw total growth contract in its home market, by 1.1%, while organic growth was flat, underlining the challenging nature of retailing in France during 2016. Hypermarkets and supermarkets shine in France… Casino sa...
12 October 2016
Casino-owned Cnova, which operates the retailer’s online stores in France and the Ivory Coast, saw net sales rise 2.8% to €414m in its third quarter, suffering from what it described as ‘ very disappointing GMV and net sales levels in July' . Continued retrenchment limiting sales growth Cnova has steadily closed down or sold off operations in 2016, either to third parties as part of the Big...
11 October 2016
Casino-owned, Brazil-based GPA has announced third quarter results saying consolidated total sales rose by 4.4% to BRL15.1 bn (US$4.7 bn), with its performance driven by its food businesses and its Assaí atacarejo fascia in particular. As in recent quarters the overall results were held back by weakness at its Cnova ecommerce division, but there was brighter news in its Via Varejo arm where sales...
11 October 2016
Based in Colombia, Grupo Éxito is now the centre of Casino's operations in Latin America. We look at what's driving growth for the retailer.   'Multilatina' position creates a strong group Since the restructuring in mid-2015, Grupo Éxito has become much stronger, calling itself 'multilatina' to show its wide capabilities and market coverage. We are already seeing results from the cha...
19 September 2016
Cdiscount, Casino's non-food e-commerce operation, is to create a centralised purchasing platform with Groupe Conforama. Operational in time for 2017 commercial negotiations The platform, called Mano, will centralise purchases of leading international brands in household appliances, AV and IT equipment. Cdiscount and Groupe Conforama will operate their own websites independently, to main...
01 September 2016
Grupo Éxito has reported that food sales grew by 8.6% for the second quarter of 2016 across Colombia, Brazil, Uruguay and Argentina, and representing 62% of total sales. It commented on "outstanding performance" in Colombia, Uruguay and Argentina, and a progressive improvement in Brazil.  Colombia: growth reflects expansion The 8.0% growth in sales in Colombia reflects expansion over ...
03 August 2016
Casino is set to open Leader Price stores in Italy, after its subsidiary Geimex entered into a joint venture partnership with Italian retail group CRAI. Making the most of CRAI's local knowledge The agreement will see Geimex, owner of the Leader Price brand outside France, grant CRAI the franchise to operate the discount format in Italy. The first stores should open in H1 2017. Casino is...
28 July 2016
In this update, we look at what happened at retailers across the region in the second quarter of 2016, including results, format development, and new market entries. Mixed bag of results to date In Brazil, there seems to be no stopping Assaí as the atacarejo format reported 37.6% sales growth year-on-year for Q2. Proximity growth was also double digit for GPA Casino's e-commerce...
14 July 2016
Brazilian retailer GPA has unveiled strong growth across its Assaí and proximity formats and an improving, though still challenging, non-food position in its Q2 trading statement. Assaí leads the way GPA's Assaí atacarejo format has delivered stellar performances in recent trading, and this latest quarter was no exception, as sales grew 37.6% year-on-year. Growth was supported by a st...
13 July 2016
France-based Casino has said that investments made in its operations globally are driving positive results, with same-store growth recorded at its three key divisions, with only its e-commerce arm showing a contraction. The numbers… At a group level Casino saw total sales contract by 7.0% to €9.966 bn, with much of this fall driven by Latin American currencies’ depreciation against the Euro...