Casino news

GPA has announced gross sales growth of 15% for the consolidated business in the third quarter of 2013, helped by the 132 new stores it has opened in the last year. Of these new stores, 20 were opened in the third quarter. Technology products driving increases in non-food categories Sales for food categories rose by 7.9%, mainly due to strong performances from fresh categories (meat, f...

Three of Thailand's leading grocery retailers agree to freeze prices on key products amid rising costs for shoppers. Government-led plan to reduce food prices The Nation reports Tesco Lotus, Makro and Big C have pledged to freeze or reduce prices on essential products for the rest of the year, in order to reduce the burden of higher living costs on shoppers. Thailand's deputy commerce mi...

Casino has revealed a new private label brand covering products for children, and in separate news is said to be negotiating the acquisition of a number of Le Mutant hard discount stores in France. New brand for children: 'Les Doodingues' The brand, called ' Les Doodingues ', was launched in early September and is available in Géant Casino, Hyper Casino, supermarchés Casino and Petit C...

Jean-Charles Naouri, chairman and CEO of Casino, is to take over as chairman of the GPA board of directors. Will be elected at EGM on 9 October Former chairman Abilio Diniz stepped down on 9 September. Commenting on his appointment, Mr Naouri said: "I want to express my renewed confidence in the management team of GPA led by Eneas Pestana. I know that I can rely on their commitment to bui...

André Lucas, MD of hypermarkets and Casino supermarkets, has retired according to French magazine Linéaires. Long career at Casino Mr Lucas has been at Casino since 1999, and in this post since 2009. He has held various roles in grocery retail before that, at Ed, Docks de France and Atac. Will not be directly replaced According to the report, Casino will not appoint a direct repl...

Abilio Diniz has stepped down as the chairman of GPA, reaffirming Casino's full control of the Brazilian group. Casino now controls 100% of GPA Mr Diniz has exchanged his shares in the holding company Wilkes, and resigned as its director. He will receive the same number of listed preferred GPA shares, without voting rights. He steps down as chairman of the GPA board and any pending legal...

Latin America's a region of great and diverse natural beauty, vibrant cultures and larger than life personalities - the late Hugo Chavez of Venezuela to name but one. But there's more to it than carnivals and salsa. Here are three reasons why consumer goods companies should keep an eye on the region... 1. Expanding urban populations Ever heard of a megalopolis? It's a city home to more than...

Éxito has reported net revenue growth of 4.7% for the second quarter of 2013, attributing the majority of this increase to its local and international expansion plans. Acquisition in Uruguay boosting market share Éxito acquired the La Cabaña supermarket chain in Uruguay in July. The country's ninth-ranked retailer, it will add 1% of market share, according to Éxito. In the home market, É...

On a group basis Casino's sales rose by 40.4% in the second quarter of 2013 to €12,086m, following the consolidation of GPA in Brazil and Monoprix in France. However, the divisional performance in France underlines a more challenging position; hypermarket same store sales excluding fuel declined by 10.5%, while supermarkets were down 8.7%, on the same basis albeit with a negative calendar impact. ...

Following a strong performance in Q2, Big C reported interim sales of THB 30bn (USD 965m), growing 7.5% on last year. Its ambitious store opening plans are on target. Same store sales and rental income boosting Q2 performance Same store sales grew a robust 3% in the second quarter despite less favourable economic conditions than forecast. Successful marketing activity such as targeted coupo...