Casino news

France-based Casino reported second quarter sales saying total growth contracted by 3.0% to €8.9bn. Overall performance was dragged down by unfavourable currency effects at its Latin America-based division. We review the results and consider the sequential improvements it is enjoying in its home market. France: food sales boosting performance Total growth in France was 0.8% in Q2, seeing Ca...

As retailers look to grow sales in a challenging market, retailers in France could face further difficulties depending on the wording of a new law and an investigation from the country’s Competition Authority. New law proposed to minimise ‘shock sales’ Following quickly after Casino announcing savings of ‘up to 120%’ and following Intermarché’s promotion of deeply discounter Nutella, ...

France-based, Casino-owned Cnova said its gross merchandising value (GMV) rose 14.3% year-on-year to reach €760m. During the quarter the retailer rolled out a range of initiatives as it looked to embed growth for the longer term and to drive more integration with the Casino-operated banner Géant. Cnova saw acceleration in organic growth Cnova said it enjoyed organic growth of 9.0% in Q2, wh...

France-based Casino is set to launch a set of promotions, according to local trade publication LSA, to celebrate 120 years of operation. The promotions are set to be ‘ unprecedented ’ and offer shoppers discounts of ‘ up to 120% ’. Meanwhile, separately, the retailer’s ecommerce brand Cdiscount has announced plans to expand into new markets. Campaign to run for two weeks The promotion wi...

Auchan, Casino, Metro and the Schiever Group have announced the formation of various purchasing alliances. The initiatives have been brought together under the name ‘Horizon’, which will see the four companies coordinate across three areas in France and globally. Agreements create a new ‘Horizon’ internationally… The four companies have said the initiatives are aimed at moving them away fro...

As Leader Price’s chief executive discusses the retailer’s changing model, the banner opens its first stores in Italy in collaboration with locally-based Crai. Leader Price steps away from hard discount As part of the launch of its new concept, dubbed ‘Next’, Casino-owned Leader Price is evolving its business model. The retailer’s chief executive, Tina Schuler, was quoted as saying; ‘ Low p...

Casino-owned Cdiscount and Franprix have launched new innovations within the drugstore and online channels in Paris. The initiatives underline the retailer’s continued focus on innovation and providing shoppers with new solutions. Collaboration with L'Oréal to expand beauty focus Casino has opened two stores in Paris in conjunction with beauty company L’Oréal. The stores, called ‘le drugsto...

As Crai and its affiliates launch new banners in the country, members of Conad set out their investment plans and Despar and Unes investigate private label opportunities, we round up news from the country. Leader Price launches in Italy… Crai, in conjunction with France-based Casino, has opened the first Leader Price stores in Italy, in Borgo Satollo, Como and Voghera. The three sites are p...

France-based, Casino-owned Franprix is set to collaborate with two start-ups in smart lock technology to enable it to deliver groceries into shoppers’ homes even if they are not at home. Service could add to competition in Paris Franprix has been trialling the service since April, in conjunction with concierge service ‘Clac des Doigts’ and key guard company ‘Oh my keys!’, a spinoff of La Po...

We take a closer look at GPA in Brazil and consider its latest performance and growth prospects. Assai remains the engine of growth Net revenues for GPA overall grew 7.5% to reach R$11.3bn, but this was entirely due to the stellar performance of atacarejo format Assai, where sales grew by 25.2% to reach R$5.2bn in Q1. A substantial conversion programme, with Extra hypermarkets being convert...