Casino news

12 December 2016
Casino-owned, Brazil-based GPA has announced the beginning of a process that will lead to its disposal of its 43.3% controlling stake in struggling Via Varejo. Via Varejo operates 970 electronics and furniture stores under the Casas Bahia and Ponto Frio fascia and generated gross sales of BRL21.7bn (US$5.6bn) in 2015. Via Varejo hindering Grupo Éxito results Brazil’s current economic cris...
01 December 2016
Grupo Éxito has reported Q3 sales of COP16,571bn (USD5.2bn), up 12.1%, with food sales ahead by 16%. Meanwhile, the retailer posted a net loss of COP100.3bn (USD31.6m), affected mainly by financial expenses in Colombia and a net loss in Brazil. Colombia: strong growth despite adverse economic scenario Sales in Colombia increased by 10.6%, largely fuelled by the improved performance of Éxito ...
30 November 2016
Casino and Conforama have announced the establishment of an international company, which will build on their initial purchasing alliance, Mano. New company to build on existing agreement In September 2016, Casino and Conforama announced the formation of a centralised purchasing platform, called Mano, which would centralise purchases of leading international brands in household appliance...
17 November 2016
Colombia is emerging as one of Latin America’s key economies, with its sustained economic expansion and growing political stability prompting significant expansion for discount chains in particular. Discount growing quickly in the country Colombian retail association Fenalco confirmed to IGD the significant growth being seen in the discount channel: it estimates discount accounts for c. 6...
03 November 2016
GPA in Brazil is assessing how it can accelerate the 2017 expansion of its phenomenally successful Assaí atacarejo banner next year by converting hypermarkets to the format. Focusing on the growth opportunities GPA is considering the conversion of over 20 existing Extra hypermarkets into Assaí. The stores being considered are reportedly underperforming outlets with the potential to be conv...
27 October 2016
On our trips to France this year, we have seen how organic (Bio) ranges are gaining popularity. Taking centre-stage in the store Organic products are becoming more prominent in large and small formats. In Carrefour and Géant hypermarkets, we saw extensive organic sections in fresh produce and ambient grocery. Both retailers are devoting more space to the ranges, and merchandising prod...
25 October 2016
In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...
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...