Casino news

Overall net sales for Casino Group were down by -1.8% year-on-year (YoY) to €5.4 bn in Q1 2023. Its convenience and Parisian banners in France and operations in Latin America were the only positives. Mixed results at home Net sales in France saw a YoY fall of -4.9% in Q1 2023, which resulted in it generating total sales of €3.6 bn in the country. The largest decline in sales was experien...

Casino has announced that Les Mousquetaires, which operates Intermarché, is joining discussions with itself and Teract regarding a purchasing alliance. Extending purchasing alliance to 2028 As part of this, Casino and Les Mousquetaires are exploring extending their existing purchasing alliance until 2028. This discussion may also extend to Groupe Casino and Teract. Areas of collaboration...

Casino Group has signed an exclusive agreement to merge its French retail activities with Teract A merger to create two entities Casino has announced its plans to merge with Teract, who operates a distribution network in France, focussed on garden centre / pet retail and food retail such as bakeries, organic and fresh produce specialist stores.  It is majority owned by the InVivo agricultur...

Overall, the French retailer reported net sales of €33.6 billion, a 5.2% same-store growth, as its LATAM performance supports challenges in its home market. Larger formats struggle as convenience drives growth in France The French market has become a lot more competitive on price, which has become a challenge for the Casino banners. Despite the impact of inflation, volume sales have dropped...

Casino Group has reported net sales growth of +10.6% and +5.4% on a same-store basis in Q3 2022. Convenience channel boosts sales in France In Q3 2022, Casino saw sales increase by +3.9% on a same-store basis in France, an improvement on its Q2 performance of +3.4%. Its French retail sales reached €3.6 bn in Q3. Its convenience stores showed the biggest increase in sales, as the continue...

GPA, Brazil’s second biggest retailer, and Grupo Éxito, Colombia’s leading grocer, which are both part of the French retailer Casino Group, have made it easier for customers to make healthier choices through the development of the Taeq private label range. Democratising healthier options The pandemic has been a catalyst for customers to put their health first. This has led to them conscious...

On September 5, Brazilian retail group Grupo Pão de Açúcar (GPA) announced plans to sell 83% of the shares it owns in its subsidiary Grupo Éxito, Colombia’s leading grocer. The sale is aimed at generating increased value for Éxito shareholders but should enhance the market value of GPA and Éxito alike.    GPA will retain a minority share of 13% in Éxito but has the potential to monetise its ho...

Casino Group has reported positive sales growth in Q2 to record a turnover of €15.9 bn in H1 2022, up 9.8% against H1 2021. Trading profit however has fallen 13.4%, to €380m in H1 2022. France: Convenience drives the recovery as tourism returns Net sales in French retail for H1 2022 saw a 1% increase YoY, as it reported sales of €6,935m. The retailer will be buoyed by a return to sales grow...

As Casino reveals plans to rebrand the remaining Géant Hypermarkets and progresses its omnichannel business, we look at five recent developments from the retailer. 1. Géant Hypermarkets to be rebranded with a focus on fresh Casino is in the process of rebranding its 61 remaining Géant Hypermarkets under the new banner Casino Hyper Frais. Newly rebranded stores are open in Amiens, Angers and...

As Casino sets out to convert 20 hypermarkets in France, partners with Just Eat in the country and launch in The Sandbox, we look at five developments from the retailer. Casino to convert 20 hypermarkets into supermarkets Local trade publication LSA has reported Casino plans to convert 20 of its remaining 81 Géant hypermarkets into Casino supermarkets. If completed, the change will mean Cas...