Casino news

Colombia is emerging as one of Latin America’s key economies, with its sustained economic expansion and growing political stability prompting significant expansion for discount chains in particular. Discount growing quickly in the country Colombian retail association Fenalco confirmed to IGD the significant growth being seen in the discount channel: it estimates discount accounts for c. 6...

GPA in Brazil is assessing how it can accelerate the 2017 expansion of its phenomenally successful Assaí atacarejo banner next year by converting hypermarkets to the format. Focusing on the growth opportunities GPA is considering the conversion of over 20 existing Extra hypermarkets into Assaí. The stores being considered are reportedly underperforming outlets with the potential to be conv...

On our trips to France this year, we have seen how organic (Bio) ranges are gaining popularity. Taking centre-stage in the store Organic products are becoming more prominent in large and small formats. In Carrefour and Géant hypermarkets, we saw extensive organic sections in fresh produce and ambient grocery. Both retailers are devoting more space to the ranges, and merchandising prod...

In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...

France-based Casino said that in its third quarter total group sales rose 6.7%, to €10.4 bn, the quickest pace of growth in 13 quarters. Despite the positive headline the retailer saw total growth contract in its home market, by 1.1%, while organic growth was flat, underlining the challenging nature of retailing in France during 2016. Hypermarkets and supermarkets shine in France… Casino sa...

Casino-owned Cnova, which operates the retailer’s online stores in France and the Ivory Coast, saw net sales rise 2.8% to €414m in its third quarter, suffering from what it described as ‘ very disappointing GMV and net sales levels in July' . Continued retrenchment limiting sales growth Cnova has steadily closed down or sold off operations in 2016, either to third parties as part of the Big...

Casino-owned, Brazil-based GPA has announced third quarter results saying consolidated total sales rose by 4.4% to BRL15.1 bn (US$4.7 bn), with its performance driven by its food businesses and its Assaí atacarejo fascia in particular. As in recent quarters the overall results were held back by weakness at its Cnova ecommerce division, but there was brighter news in its Via Varejo arm where sales...

Based in Colombia, Grupo Éxito is now the centre of Casino's operations in Latin America. We look at what's driving growth for the retailer.   'Multilatina' position creates a strong group Since the restructuring in mid-2015, Grupo Éxito has become much stronger, calling itself 'multilatina' to show its wide capabilities and market coverage. We are already seeing results from the cha...

Cdiscount, Casino's non-food e-commerce operation, is to create a centralised purchasing platform with Groupe Conforama. Operational in time for 2017 commercial negotiations The platform, called Mano, will centralise purchases of leading international brands in household appliances, AV and IT equipment. Cdiscount and Groupe Conforama will operate their own websites independently, to main...

Grupo Éxito has reported that food sales grew by 8.6% for the second quarter of 2016 across Colombia, Brazil, Uruguay and Argentina, and representing 62% of total sales. It commented on "outstanding performance" in Colombia, Uruguay and Argentina, and a progressive improvement in Brazil.  Colombia: growth reflects expansion The 8.0% growth in sales in Colombia reflects expansion over ...