Casino news

Carrefour and Casino both reported first quarter results this week. We look at their performance in Latin America. Casino: improvement in Latin America Food sales were up 8.3% on an organic basis. Growth at Grupo Éxito was still accelerating in the first quarter, powered mainly by Colombia where the economic environment is more positive than in Brazil. GPA reported net sales of BRL17...

Groupe Casino has reported a fall of 11% in first quarter revenue, to EUR9.7bn, affected by exchange rate fluctuations in Latin American markets. Excluding the exchange rate effect, group sales were up 1.5%. Asia treated as discontinued Given that the Thai business has been divested and Vietnam is under negotiation, Casino has treated the Asia segment as a whole as discontinued. Consol...

GPA has reported net sales of BRL17.8bn for Q1 2016 (USD5.1bn), up 3% and led by growth of 10.9% in the food segment, as economic difficulties continue to bite. Atacarejo chiming with market conditions Atacarejo format Assa í accelerated its total sales growth to 36.2%, from 27.8% in the previous quarter, showing its continued relevance to the market. Stores opened in the past year are m...

Industry body ABRAS has revealed the much anticipated rankings of total sales for 2015. Here’s what we took from them. 1. A tough market as shoppers switch to atacarejo Sales volumes at supermarkets and hypermarkets dipped by just over 1% in 2015, following a sustained period of growth since 2003. By contrast, the growth impetus in atacarejo strengthened, with sales volumes showing double-...

Following Auchan's foray into selling fresh produce via click and collect, we look at this and other developments in online retailing and Drive. Deleasy: 'delivery made easy' Deleasy launched in January and, using a model similar to that of Instacart, delivers products sold by small neighbourhood retailers. It brings together 11,000 lines, including products from Monoprix and Picard, an...

Casino has reported a 1.6% increase (at constant exchange rates) to EUR46.1bn in group consolidated net sales for 2015.  France: "marked recovery" in H2 Recovery in France in the second half, particularly from Géant Casino, Leader Price, and new concepts at Franprix and Supermarchés Casino, drove organic growth. Chief executive Jean-Charles Naouri said competitive price positioning and ...

As Grupo Éxito releases its Q4 results and 2016 outlook, we look more closely at how it plans to grow amidst an often challenging Latin American economic backdrop. 1. Building synergies across markets Grupo Éxito, ultimately part of Casino, became a stronger entity in 2015 as the Brazilian operations of GPA (also already part of Casino) were brought into the fold. While this makes the short...

Net revenue for GPA's consolidated business was up 0.2% in Q4 2015, and 5.5% for the full year. The food businesses also performed well, with a 6.7% increase for the fourth quarter. Assaí was highlight of Q4 The atacarejo format posted net sales growth of 27.8% in Q4 for Assaí, its highest for the year, and +25.5% for the year. It opened 11 stores, including seven in Q4, of which three ...

We look at some of the latest private label initiatives in France, from Auchan, Lidl and Casino. Auchan seeking customers' opinions Auchan Drive is asking customers to review its private label products online. In a simple system, which will help drive its use, customers give a general star rating plus marks for packaging and taste, if applicable. They can also add comments; many people...

Casino is to sell its Thai operation, Big C, to local conglomerate TCC Group for EUR3.1bn. It expects to complete the transaction by 31 March 2016. Will lead to a more targeted Casino group Casino announced its intention to dispose of Big C in January this year. The sales are part of Casino's plan to reduce its debt levels and will help cut debt by EUR3.3bn. Big C operated over 734 st...