Casino news

Casino is set to open Leader Price stores in Italy, after its subsidiary Geimex entered into a joint venture partnership with Italian retail group CRAI. Making the most of CRAI's local knowledge The agreement will see Geimex, owner of the Leader Price brand outside France, grant CRAI the franchise to operate the discount format in Italy. The first stores should open in H1 2017. Casino is...

In this update, we look at what happened at retailers across the region in the second quarter of 2016, including results, format development, and new market entries. Mixed bag of results to date In Brazil, there seems to be no stopping Assaí as the atacarejo format reported 37.6% sales growth year-on-year for Q2. Proximity growth was also double digit for GPA Casino's e-commerce...

Brazilian retailer GPA has unveiled strong growth across its Assaí and proximity formats and an improving, though still challenging, non-food position in its Q2 trading statement. Assaí leads the way GPA's Assaí atacarejo format has delivered stellar performances in recent trading, and this latest quarter was no exception, as sales grew 37.6% year-on-year. Growth was supported by a st...

France-based Casino has said that investments made in its operations globally are driving positive results, with same-store growth recorded at its three key divisions, with only its e-commerce arm showing a contraction. The numbers… At a group level Casino saw total sales contract by 7.0% to €9.966 bn, with much of this fall driven by Latin American currencies’ depreciation against the Euro...

Casino-owned Cnova has reported second quarter net sales of €665.3m, which shows a 19.2% contraction on the same period in 2015 in reported terms and by 13.8% in constant terms. The retailer’s gross merchandise volume (GMV) contracted by 3.4% at constant currencies, to €1.0 bn. Growth in France offsets impact from Brazil Cnova said that Cdiscount France grew GMV sales by 12.6%, to €638m, wh...

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...

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...

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 ...

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...

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...