Casino news

France-based Casino has announced first quarter results, which showed, at a Group level, a sequential improvement for total growth, but a slowing rate of increase in organic and same-store terms. The retailer's total sales growth, which rose by 11.6% to €9.3 bn, was boosted by its performance in Latin America, where total growth increased by 30.2%. France: continued progress in majority of ...

Franprix has started rolling out the latest version of its Mandarine concept: Mandarine vitaminée. Foodservice-focused concept The concept has a larger eating area than the previous Mandarine stores, taking up around 20% of the sales area. Franprix hopes to attract more customers to have breakfast and snacks as well as lunch. Although more focused on foodservice it does have wide grocery ra...

Monoprix has launched a new loyalty scheme which it says is simpler and more generous. Simplified scheme to attract more customers Monoprix has abandoned its long-running S'Miles programme in favour of a more simple promise. Instead of giving points, customers will get discounts credited directly to their loyalty card, called La Carte. They can spend all or part of the credit as they wish. ...

GPA is to invest BRL1.1bn (around USD384m) in 2017. It will split the funds between the cash and carry business Assaí, and its grocery formats. Growing focus on Assaí GPA will put just over half the funding into its cash and carry outlets. This has been the growth engine over recent years - sales increased by 38.6% in 2016 and now account for over one-third of total food sales. GPA has ...

Following positive results from both retailers over the past week, we look at the drivers behind this growth. 1.Atacarejo entering all areas The respective cash & carry formats, Assaí  and  Atacadão , have been critical drivers behind the strength of performance for GPA and Carrefour. While Carrefour didn't release precise figures, commenting only on the "double-digit" growth, GPA outlined ho...

France-based Casino has said total sales rose 9.1% in its fourth quarter to €10.0 bn, with a small contraction in the three months in its home market being offset by growth in Latin America and in its ecommerce division. France: Monoprix and supermarkets lead the way In its home market, Casino said total sales contracted by 0.5% to €4.9 bn, organic growth also shrank, by 0.6%, but same-store...

We share the latest, biggest, stories in Latin American grocery retail. 1. Assaí: annual sales growth close to 50% Ahead of GPA releasing fuller sales data, CEO Belmiro Gomes has spoken in a media interview about the strength of performance at Assaí, its atacerejo, cash & carry style format which is now the single biggest grocery format for the retailer. The 13 stores opened last year took t...

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...

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 ...

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...