Casino news

15 June 2016
As South Africa-based Clicks expands through a new deal with Netcare, Casino adds new services to its stores in Senegal, OK Zimbabwe forecasts a tougher year ahead and Kenya-based Naivas makes appointments to its management team, we round up news from the region. Clicks to manage Medicross pharmacies for Netcare Clicks and private hospital group Netcare have announced that the former will t...
15 June 2016
As UAE-based LuLu enters Indonesia and France-based Casino announces plans to add Leader Price stores in Morrocco and LuLu and UAE-based Majid al Futtaim discuss expansion plans in existing markets, we round up news from the region. LuLu expands in Saudi Arabia… LuLu has opened its seventh hypermarket in Saudi Arabia, a c. 18,500 sq. m store in the Amir Fawaz district of Jeddah. At the stor...
01 June 2016
Grupo Éxito has reported what it calls a solid performance across most of its markets for the quarter ended 31 March. Colombia: discount and premium stand out Total sales in Colombia were up 7.4%, with discount and premium segments reporting the strongest performance amongst positive progression for all banners. For discount, the acquisition of Super Inter has brought new expertise in ...
12 May 2016
In the first of a two part series, we look at how leading retailers are targeting convenience and proximity growth in Latin America.  Next week we look at how those with specifically value-focused proximity formats - namely DIA, Walmart and Jerónimo Martins - are driving growth, while this week we look at how leading supermarket retailers - and OXXO - are targeting growth: Favourable growth dr...
12 May 2016
Grupo Éxito has opened its first cash and carry store, aimed at business customers, having taken learnings from the group's success with Assaí in Brazil.   Entry into new segment The launch of the 2,500 sq. m store in Bogotá, branded Surtimayorista, marks Éxito's entry into the cash and carry segment. It carries more than 3,500 lines including national, international, local and traditio...
11 May 2016
Thailand's Central Group is to sell its 25% stake in Big C Supercenter to TCC Group. Will help fund Vietnamese acquisition Central Group is selling its stake for a reported THB50bn (c.USD1.4bn) to TCC Group, which acquired Big C Thailand from Casino in March this year. The transaction will help fund Central Group's own purchase of Big C Vietnam , which was revealed at the end of Apri...
10 May 2016
In a rare interview, given to French newspaper Le Figaro, Casino group chief executive Jean-Charles Naouri has spoken about consumption in France, prices, proximity, discount and e-commerce. The 'price war' is just normal competition Mr Naouri said that what people are calling a price war is in fact a normal occurrence in an environment where prices are key to consumers' purchasing pow...
04 May 2016
Big C has reported Q1 2016 revenues of THB 32,890m, down 1.1% compared to the same period last year. However, underlying performance appears to be gaining momentum. Second successive quarter of LFL sales improvements Despite posting a 2.9% decline in LFL store sales, Big C recorded a second sequential improvement in quarterly LFL sales. On top of this, food sales returned to positive LF...
29 April 2016
Casino has sold Big C Vietnam to Central Group for EUR1bn. Ends longstanding presence in Asia Casino announced its desire to sell the Vietnamese operation in December 2015, ending a presence of more than 18 years in the market. It has divested the network to Thai-owned conglomerate Central Group, which also has interests in real estate, department stores, hospitality and restaurants. Cas...
26 April 2016
Casino's e-commerce business, Cnova, has reported a 6.6% fall in net sales for Q1 (at constant currency) to EUR742m. Focus is on largest markets Net sales were up 15.3% at Cdiscount France to EUR465m, but fell at Cnova Brazil to EUR274m. In March, Cnova completed the disposal of Cdiscount Vietnam to Big C Vietnam, and of Cdiscount Thailand to the Thai conglomerate TCC Group. Cnova's fo...