Casino news

As Auchan looks to drive its Vision 2025 strategy faster it has announced operational changes in France and the launch of Horizon International Services. Meanwhile, at a local level it continues to evolve its channel presence, driving growth in its small store estate and with its online fulfilment. Horizon International Services is officially launched Following approval from the relevant co...

Following the announcement it was to sell six hypermarkets to Leclerc earlier in 2019, Casino has announced further disposals. The sale of stores and its contract catering services company, R2C, will help it focus and invest on its core retailer operations, improve profitability and enable it to pay down debt. Store disposals to generate €42m Casino said it will sell 18 integrated sto...

France-based Casino has announced it will sell six of its Géant hypermarkets to Leclerc for €100.5m. The hypermarkets are among the least performing… The selected hypermarkets are located outside Paris in the towns of Anglet, Castelnaudary, Castres, Cholet, Dole and Saint Grégoire. Leclerc expressed an interest in the stores when Casino first announced its decision to sell certain loss-maki...

Casino has reported FY 2018 net sales of €36.6bn, up 4.7% on an organic basis and 3.0% on a same-store basis. Q4 2018 net sales were €9.9bn, up 5.1% on an organic basis and 3.6% on a same-store basis. France: protests causing a Q4 sales slowdown In Casino’s home market, Q4 2018 sales rose by 1.4% overall, up 0.2% on an organic basis and 0.5% on a same-store basis. FY 2018 sales increased by...

France-based, Casino-owned Cnova has released its financial results for FY2018. It has reported net sales of €2.2bn, driven by organic growth of 5.1%. The increase in organic sales was supported, it said, by the development of showroom revenues. GMV: 9.3% increase to €3.6bn Cnova reported an increase in gross merchandise volume (GMV) organic growth of 9.3% to €3.6bn. The retailer noted ‘org...

France-based, Casino-owned Monoprix is set to stop printing its weekly catalogue to become more environmentally friendly. Monoprix rethinks communication strategy… The retailer has said that more than 20 billion catalogues are printed in France annually. Monoprix will discontinue the printing of its 30 million brochures, which it says corresponds to 2,400 tons of paper. The decision will he...

France-based trade publication LSA has reported that Casino-owned Franprix has opened its first store in the UAE, in Dubai. Store based on Mandarine concept The 440 sq. m store is based on Franprix’s Mandarine concept. There are 6,500 SKUs, with products sold in bulk, a juice machine and roasting pan. Part of the store is adapted to suit the needs and expectations of local customers. Fra...

France-based Casino has signed a deal with Natixis Payments and acquired online services start-up Stootie to expand the range of solutions met by its ecommerce subsidiary Cdiscount. Deal signed with Natixis Payments… The partnership will jointly develop an e-wallet and integrate Dalenys as payment service provider partner for Cdiscount. From 2019, Cdiscount users will be able to purchase go...

Trade publication LSA has reported that Casino-owned Franprix has opened a new store located behind the Opéra Garnier in Paris. The new store includes elements of the retailer’s Darwin format and continues the evolution of the Franprix format in Paris. Store targets tourists The 300 sq. m. store offers 6,000 SKUs, of which 1,000 are Franprix private label products. It has been designed usin...

France-based Casino has acquired a 5% stake in the financial technology company, Lyf Pay, for an undisclosed amount. The acquisition is part of Casino’s aim to expand its presence in the European mobile payments business. Lyf Pay is a payment solution… Lyf Pay, created in 2016, is a customer payment solution that offers payment services, loyalty programmes and discounts. The Lyf Pay solutio...