Auchan has released first half results which it says show a ‘ significant improvement in profitability ’, which has been helped by the implementation of its Renaissance initiative. The retailer reported that while total sales fell by 1.8%, group EBITDA increased by 14.9%, with its EBITDA margin reaching 5.6%. Revenue growth seen in most markets Auchan reported revenue fell by 1.8%, at curre...

In its Q3 2019/20 results, Metro reported a 17.5% decrease in like-for-like (LFL) sales, compared to the previous year, driven by the Coronavirus (COVID-19) pandemic and its negative impacts on the hospitality sector. However, as of July this year, Metro noted that sales had recovered to the previous year’s level in its Hotels, restaurants and catering (HoReCa) division. Germany: like-for-like...

As Auchan looks to turnaround its performance in a key market, we look at developments from the retailer. Auchan sees revenue fall in Russia… Local press reports on the retailer’s revenue in the country suggested Auchan saw its sales fall by 6% in 2019, with net profit falling further as it invested in the business to turnaround its performance. The results underline the challenging nature ...