All France articles – Page 15
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News
Game’s French operation goes into redressement judiciaire
Game’s French operation has gone into redressement judiciaire, a form of administration. The measure is protective, to allow the company up to six months in which to develop a turnaround plan following heavy losses by its UK parent.The retailer expects to close at least 15 of its 197 stores and ...
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AnalysisInternational analysis: Galeries Lafayette aiming for 60m site visitors
French department store group Galeries Lafayette has unveiled plans to make its online business GaleriesLafayette.com the retailer’s second largest ‘store’ after its Boulevard Haussmann flagship in Paris.
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AnalysisInternational analysis: Carrefour reveals plan of action after poor first half
French grocery giant Carrefour has posted disappointing results for the first half of the year, mostly because of difficult conditions in the austerity-hit countries of southern Europe.
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AnalysisInternational analysis: Franchise deals make sense as Carrefour refocuses
This week, French retailer Carrefour was authorised by the Greek Competition Commission to sell its joint venture stake to partner Marinopoulos.
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AnalysisInternational analysis: Casino’s gamble in Latin America pays dividends
France-based Casino’s strategic decision to invest in a handful of fast-growing markets has once again paid off.
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News
LVMH’s Selective Retailing division reports organic sales growth
Luxury group LVMH’s Selective Retailing division reported organic sales growth over the first half-year of 16% to E3.6bn (£2.81bn), while profit soared by 30% to E373m (£191.1m). The retailer said it benefited from sustained growth in Asia and North America.The group will open three concessions at Hong Kong airport by ...
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News
Fnac reports sales decrease
Fnac, PPR’s books, music and electronics business, reported sales were down 1.1% for the first six months of this year to E1.77bn (£1.38bn). Like-for-like sales fell 1% and the retailer recorded an operating loss of E7.5m (£5.8m) compared with an operating profit of E6.7m (£5.2m) for the same period last ...
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News
Carrefour to reintroduce entry-price products
Carrefour is reintroducing non-branded entry-price products in parallel with its Carrefour Discount range, it has been reported.Only a handful of SKUs are available at present – including ham and coffee – but more could be on the way. Most of them are packaged in a similar style to the distinctive ...
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AnalysisCarrefour must focus on most dynamic markets
Carrefour’s second-quarter results remained in line with the first quarter as the retailer posted turnover down by 0.4% to j21.71bn (£17.03bn), excluding petrol and at constant exchange rates.
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News
Grocery giant Leclerc posts first half-year sales
Grocery giant Leclerc reported first half-year sales in its domestic market up 8.3% to j15.21bn (£11.93bn), excluding fuel.Total sales for the first half increased by 8.1% to j20.47bn (£16.06bn), including fuel. Company president Michel-Édouard Leclerc said the results showed a consolidation of its “low-price positioning, which is not only a ...
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News
Micromania introduces new store-type
Games retailer Micromania, which is owned by GameStop, has introduced a new store-type centred on an area known as an ‘M Zone’. Customers can play one another, test games or seek assistance from staff. The first shop adopting the new approach is in Nice’s Cap 3000 shopping centre.Micromania president Pierre ...
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News
Ikea France to install pop-up VIP lounge
Ikea France is to install a pop-up VIP lounge at the Paris-Charles de Gaulle airport, open to all members of the public from July 13 to August 5, it has been reported.Billed as ‘Ikea Lounge: the first democratic airport lounge’, the 721 sq ft space at Terminal 3 will have ...
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News
Carrefour to experiment with discount zones
Carrefour is to experiment with discount zones in five of its French hypermarkets as part of changes implemented by new chief executive Georges Plassat.The discount areas will initially comprise just one or two aisles in each hypermarket. They will display nationally branded manufacturer products and will not be a showcase ...
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NewsMajestic Wine profits rocket 14.5%
Pre-tax profit at Majestic Wine rose 14.5% to £23.2m in the 53 weeks to April 2.
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News
Multichannel to be centre of strategic plan for Leclerc
Hypermarket business Leclerc said multichannel would be at the centre of its strategic plan, ‘Leclerc 2015’.Stores will feature a specialist offer and organise products into departments to support its drive-in stores or pick-up locations. By 2015, Leclerc will develop new product offers: it forecast that non-food, in its present form, ...
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News
Grocer ITM reports like-for-like revenue growth
Grocery retailer ITM (Intermarché) has, after several years of struggling sales, reported like-for-like revenue growth of 3.1% to e19.2bn (£16.3bn) excluding fuel for the 2011 financial year. Like-for-like sales in the first four months of 2012 rose 7.9%.ITM’s hypermarkets outperformed its supermarkets in 2011, delivering a 3.9% uplift in sales, ...
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News
Carrefour’s chief executive Lars Olofsson to depart earlier than expected
French retailer Carrefour’s chief executive Lars Olofsson is to step down earlier than expected. In light of the fact that “all the required conditions were met to shorten the transition period that began on January 29”, which was supposed to end on June 18, Georges Plassat becomes the new chief ...
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NewsLK Bennett secures funding for US expansion
LK Bennett has raised £16m of new funding to accelerate expansion in the US.
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News
Four key executives to leave Ikea France
Ikea France has disclosed the departure of four executives. A former managing director of Ikea France, a former human resources director, a former chief financial officer and the current director of risk management will leave the group.Last month, Ikea admitted to activities contravening ethical standards after workers sued it for ...
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News
Carrefour’s bid to acquire Guyenne et Gascogne approved
Carrefour’s bid to acquire Guyenne et Gascogne has been approved by France’s antitrust agency. In December 2011, Carrefour submitted a E494m (£394.6m) cash takeover bid for its franchisee.Guyenne et Gascogne operates six Carrefour hypermarkets and 28 Carrefour Market supermarkets in France that generated net income of E25m (£20m) in 2011 ...