Auchan news 

After four years in Vietnam, Auchan has decided to sell all its stores due to challenging conditions. Review of loss-making operations Auchan has 18 stores generating a revenue of US$50.4m in Vietnam. The exit from Vietnam is part of Auchan’s Renaissance action plan to put greater focus on generating profits. The retailer has also signed an agreement to sell most of its estates in Italy to...

France-based Auchan has signed an agreement to sell ‘ almost all [its] activities ’ in Italy to Conad. The acquisition of Auchan’s operations in the country will lead to the cooperative becoming the market leader. Sale to require agreement of Italy competition authority No financial details were released as part of the announcement, with an Auchan spokesperson being quoted as saying, separa...

Following similar steps from local rival Casino in Q1 2019, where it has sold stores in batches to Leclerc and Lidl, Auchan has announced it wants to sell or close 21 stores in its home market. The retailer said the stores it had identified, which are over a range of formats, were ‘ structurally loss-making ’. Announcement could lead to store closures Auchan said if it was unable to find bu...

France-based Auchan said in its Retail division, revenue had fallen by 3.3% at current exchange rates (0.5% at constant exchange rates) to €50.3bn. It said on a like-for-like basis revenue fell by 2.4%. Revenue dropped in every region in which Auchan operates. France: revenue fell 1.3% Auchan said in FY2018, revenue fell 1.3% in its home market. It said it was affected strongly by the ‘yell...

Following on from the announcement of its results, Sun Art has said its chief executive, Ludovic Holinier had resigned from his role. The retailer said Holinier will be replaced by Ming-Tuan Huang. Huang to sustain recent strategy At the moment, Huang is chairman of RT-Mart and is responsible for the overall strategic planning and management of the Group. He has also been CEO of RT-Mart Lim...

As Auchan looks to drive its Vision 2025 strategy faster it has announced operational changes in France and the launch of Horizon International Services. Meanwhile, at a local level it continues to evolve its channel presence, driving growth in its small store estate and with its online fulfilment. Horizon International Services is officially launched Following approval from the relevant co...

China’s major hypermarket operator Sun Art Retail Group Ltd, set up by Auchan and Ruentex and backed up by Alibaba, reported a 7.3% fall in 2018 profit. Missing market expectations The retailer reported its net profit fell to RMB2.59bn (US$386m) from RMB2.79bn (US$386m). This was below the expected RMB2.70bn. Turnover fell by 2.9% to RMB99.36 bn and same-store sales fell 1.72% year-on-year....

Russia’s retail market in 2018 faced stagnant household incomes and food price inflation. This led shoppers to become more economical with their spending. As a result, retailers had to compete more for their share of spend in groceries, which has led to a slowing in real sales growth rates. We look at the 2018 full year results and highlight how the leading Russian retailers managed in the fac...

France-based Auchan has announced that it will not develop its drugstore chain, Lillapois in Russia. It will close one of its two Lillapois stores to focus on its hypermarkets and supermarkets in the country. Auchan will close Lillapois store in Moscow… Lillapois was first launched in the Troika shopping centre in Moscow in August 2016. The assortment included cosmetics, perfumery and perso...

Auchan has partnered with Uber Eats to extend its food offer, with its sister company Oney Bank to launch a biometric payment system and with WDP to lease a warehouse from. Auchan partners with Uber Eats… Auchan has signed an agreement with Uber Eats, connecting its Auchan Cotroceni store to the platform. The retailer hopes to offer the service to all stores in Bucharest, although it did no...