Casino news

As the retailer’s leading banners launch a range of new stores, we look at the new designs being rolled out by Casino and its Franprix and Monoprix banners. Casino introduces lunch-focused store Trade publication LSA has reported on the launch of Casino #PauseDéj! a store focused on meeting shoppers’ lunchtime needs. The trial, which has been running since 2 September, has seen the retailer...

Casino has reported third quarter results, with total net sales rising by 1.3% to €9.1 bn. The performance was driven by its operations in Latin America, where total net sales rose by 11.0%, which offset a contraction of 5.0% in France. Same-store sales growth reached 1.5% during the quarter, with France rising by 0.2% and its operations in Latin America seeing same-store sales up by 3.0%. Fra...

With Casino-owned Franprix opening a further evolution of its Darwin store design and Carrefour reported to be preparing to launch a new beauty-focused store to its roster of brands, we look at two developments from the country. Carrefour to launch Sources… Trade publication LSA has reported that Carrefour will open a beauty-focused store under the Sources brand name during the first week o...

Casino group announced it will sell another €2bn of assets by the first half of 2021. This follows an earlier phase of store disposals that will be completed by Q1 2020 for a total of €2.5bn, bringing the total of assets sold to €4.5bn. Focus on profitable formats and business areas The retailer will focus on its higher performing formats: ecommerce (Cdiscount), premium (Monoprix) and conve...

GPA has reported gross revenues of BRL$14.2bn (US$3.7bn) for Q2, an 11.3% year-on-year (YOY) increase. This is despite comparative like-for-like performances being affected by a slower recovery of the economy and a particularly strong comparative sales performance in 2018 as a result of the football world cup.   Assaí accounts for over 50% of gross sales In Q2 gross sales for GPA’s Assaí ...

France-based Casino has said its consolidated net sales rose by 1.1% in total, to €8.988 bn, with same-store sales up by 2.3%. The retailer’s performance was driven by the continued strength of its Latin America-based operations, with support coming from its stores in France and Cdiscount. Separately the retailer highlighted several highlights it had generated in the first half. For our look a...

As part of its Q2 results statement, Casino discussed several strategic initiatives it had put in place during the first half of 2019 as it looked to improve its operations and financial position. In this article we look at the programmes it has implemented. Cost savings plan Casino began a cost saving plan to cut costs throughout its operations. This has seen it limit costs at its HQ and i...

As it continues to dispose of non-core assets and focus on its operations in France and Latin America, Casino has agreed to sell its operations in the Indian Ocean. Disposal to grow Casino’s focus Casino has agreed to sell Vindémia to GBH for an enterprise value of €219m. The sale would mark a further step in Casino’s attempts to sell bits of its operations, including stores in France , ...

Brazilian retailer GPA, part of the Casino Group, plans to open its first store testing advanced payment technologies including facial recognition and “scan & go” in 2019. This will be trialled in a Minuto Pão de Açúcar convenience store in São Paulo and the business expects it to open before December. The technology has been developed by Microsoft. The initiative is in line with GPA’s wider...

As Casino continues to evolve in France, we round up news from the retailer. President sees no need for ‘major’ sales in France After a period of disposals in France and changes in Latin America , Casino’s president, Jean-Charles Naouri, has been quoted as saying there are unlikely to be any ‘ major disposals in the retailer’s home market. The statement comes after speculation sugge...