Casino news

16 December 2015
Big C in Thailand has revealed plans for how it plans to reinvigorate and fund growth in the business next year. Strong focus to remain on expansion and price The retailer is aiming to continue expanding its network in 2016, opening six hypermarkets, three Big C Markets and 75 Mini Big C stores. The development will mark a slight slowdown in store openings, but most likely at least maint...
10 December 2015
Gavin Rothwell explores three value formats that are gaining sales and share. 1. Atacarejo: a large format success story in Brazil In its traditional Brazilian incarnation, this format - a hybrid value-focused, brand-oriented large store format that crosses retail and cash & carry - continues to grow at pace. Grupo Éxito's Assaí and Carrefour's Atacadão continue to grab the headlines in Bra...
09 December 2015
Gavin Rothwell, IGD’s Retail Insight Manager, explores why there is such a growing focus on megacities around the world and examines some of the key FMCG retail trends emerging from these hubs. What is a megacity? The United Nations defines a megacity as having 10 million inhabitants or more. There are 28 now and there will be 41 by 2030, which is indicative of a global trend towards ur...
01 December 2015
Grupo Éxito has reported consolidated sales of COP7.01bn (c.US$9.8m) for the third quarter of 2015. Consolidation powers dramatic group sales growth The sales growth of 203.1% was mainly driven by the consolidation of operations in Brazil and Argentina, following Casino's restructuring of its Latin American operations in July. It includes the quarterly income from the consolidation of...
30 November 2015
Casino and DIA have created a joint venture, called ICDC Services, to improve buying terms with major suppliers of national branded food products. Boosting competitiveness Casino and DIA will offer suppliers access to a portfolio of global services, such as data sharing and country development assistance, as well as combining their expertise and links between geographic locations and store ...
26 November 2015
With the economy expected to shrink by around 3% in 2015, inflation running at double-digit levels and a much weakened exchange rate, we look at how the Brazilian retail landscape is evolving and at how there remain opportunities for growth. 1. Atacarejo going from strength to strength What's stood out recently is the impressive growth of atacarejo, with the GPA format Assai and Carrefour's...
30 October 2015
As Starbucks releases impressive Q4 and full year trading figures, we look at the results highlights and three new routes to growth. Strong FY and Q4 results Results for the year impressed, with total revenue up by 17% to USD19.2bn. Operating income grew at a similar rate, up 17% to USD3.6bn, delivering an substantial operating margin of 18.8%. Same store sales grew by 7% over the year, an...
20 October 2015
In this update, we look at what's been happening at retailers across the region in the third quarter of 2015, including expansion, restructuring, loyalty scheme developments and in-store activity with suppliers. Mixed results, with Brazil proving a tough market Carrefour said its increasingly multi-format strategy in Brazil drives positive growth, with like-for-like sales up 7.4% i...
16 October 2015
Both Casino and Carrefour have reported results this week for the third quarter of 2015. How did they fare in Latin America? Casino: food sales increased Food sales were up 5.2% on an organic basis for the region. GPA's results were in line with Q2, which is encouraging given the deterioration in the Brazilian economy. The Assaí atacarejo format is benefiting from the economic conditio...
15 October 2015
Casino has reported total group sales of EUR10,684m for Q3 2015, down 0.5% on an organic basis. Sales growth accelerated in France, with all Casino's banners contributing positively. Internationally, performance was mixed with food sales up in Latin America but a more difficult environment in Asian markets.   Improvement across all banners in France France retail sales were EUR4,812m, up...