Casino news

GPA has reported EBITDA up 11.2%, and +6.2% for the food business, in the first quarter of 2013. Improved sales mix helps margin The group has been restructuring GPA Food since late 2011, to make it leaner and simpler, and the continuing improvements have contributed to growth. A gross margin increase was put down to an improved sales mix, with customers trading up in fresh produce to hi...

Éxito has increased its net revenue by 6.1% in the first quarter of 2013, and reported EBITDA growth of 6.5%. Same store sales growth in both markets Both Colombia and Uruguay registered same store sales growth during the quarter, contributing towards a group-wide rise of 1.6%. In Colombia, growth was driven by Surtimax; six stores opened under this discount fascia, out of a total of 10. ...

Casino has reported a 33.7% rise in consolidated sales for the first quarter, driven primarily by the full consolidation of GPA in Brazil. Sales from total continuing operations reached €11,681m, with French sales down 4% and international sales up 73.6%. Price drops in France Casino continued the price cutting policy it initiated in Q4 through the first three months of the year, and stated ...

GPA has reported a gross sales increase of 9.7% in Q1 2013, vs Q1 2012, driven by same-store sales growth of 6.6% and 25 new store openings.   Same-store sales were highlight GPA drew out the same-store sales performance of Assaí, Minimercado Extra and Ponto Frio as an "outstanding" highlight of the quarter. Assaí and Minimercado Extra outperformed the group average, reaching double dig...

The latest news from leading players Tesco Lotus, Big C and Central Food Retail Corporation in this booming Asian market. Casino accelerates the pace of store openings The Bangkok Post reports Casino's plans to increase investment in the market to THB8 bn (US$272.2 million) in 2013, funding more than 200 new openings, to be supported by an additional two new distribution centres. At pres...

Casino's non-food website, CDiscount, has launched its grocery offer. Time-limited promotions introduce urgency The grocery section of the site offers a wide range of brands at low prices.  There are currently over 100 promotions available on-site, and CDiscount aims to introduce a sense of urgency with the use of a 'ticker' which counts down the seconds until the promotion ends.  Free del...

Casino's partner in Thailand, Big C reported full year sales of 112.1bn baht, an increased 9.3% and a growth in net income of 15.9%. The retailer is exploring a dual strategy of accelerating expansion and offering a differentiated way to shop in order to maintain growth in an increasingly competitive market. Developing a multi-format portfolio Hypermarkets continue to be Big C's primary ...

Qatar-based Al Meera has announced that it has opened its first Géant hypermarket in its home market, following the agreement it signed with Casino in 2011. Géant brand to be expanded by Al Meera Al Meera signed a franchise agreement with Casino that will see it add hypermarkets and supermarkets in Qatar and Oman. The recently opened store, at the Hyatt plaza in Doha, is the first evidence ...

Casino has reported a 29.3% increase in trading profit, reflecting the move to take control of GPA in Brazil in 2012. In France, trading profit declined by 8.6%, with a drop in domestic trading margin. However, overall trading margin was up and the group is confident its domestic 'back to basics' commercial plan will kick in and management stressed that its small format exposure lies in its favou...

Colombia's Grupo Éxito has reported operating revenue growth of 15.7% for 2012, and a 3% increase in the fourth quarter.  Growth driven by aggressive expansion Grupo Éxito opened 86 stores during the year, of which 35 were in Colombia, and entered 15 new mid-sized cities.  It is now present in 82 cities in Colombia. E-commerce operations also revealed strong growth during the year, u...