Casino news

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...

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...

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...

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...

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...

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...

Tesco Lotus in Thailand has set out plans to open 65 stores this year, refresh existing stores and invest in its online operations. Thailand is now Tesco's largest market outside the UK The new store openings will span both small and large format stores and see the company employ an addition 3,000 people. As well as the new store openings, Tesco Lotus will refresh 18 stores and expand it...

Following its good performance in France in the first quarter, we take a look at Casino's priorities in its home market this year. 1. Evolving stores' identity Casino is rolling out a new identity for Géant hypermarkets which includes initiatives like round pricing, bulk buying and dedicated zoning in an attempt to drive basket size. Other aspects of the new image include promoting loc...

In this update, we look at what happened at retailers across the region in the first quarter of 2016, including results, expansion plans, new formats and restructuring. Good start to 2016 Grupo Éxito's growth accelerated, powered mainly by Colombia's positive economic environment. We look at how it plans to grow For Carrefour , like-for-like sales were up 9.9% in Brazil and ...