All France articles – Page 21
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News
Casino posts £23.8bn net sales
Casino reported €26.75bn (£23.8bn) net sales for 2009 - a 1.2% decrease against the previous year. Trading profit slid to 4.5% to €1.21bn (£1.1bn) on the previous year. In France, sales declined by 3.8% on an organic basis, or 2.7% excluding petrol. Meanwhile, Casino’s online general merchandise business Cdiscount reported ...
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ITM sales reach €34bn
Sales at grocery group ITM hit €34bn (£30.8bn), including petrol, for the 2009 financial year.In France, its Intermarché chain achieved sales growth of 1.5%. Globally, excluding petrol and its industrial production facilities, it increased sales 0.7% to €25bn (£22.7bn), and expanded its total sales area by 1.94 million sq ft.ITM ...
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Carrefour profits plummet
Carrefours profits plummeted 70% to €385 m (£343m) in 2009, largely due to restructuring charges.In France and Western Europe sales fell 2.7% and 5.4% respectively. However, the French retail giant boasted market share gains in its home market.Meanwhile, Carrefour’s Latin American and Asian divisions posted sales growth of 11.9% and ...
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Sales rise at LVMH’s Selective Distribution
LVMH has reported a 4% year-on-year rise in sales at its Selective Distribution business, which includes Sephora and DFS, its luxury duty free arm, to €4.38bn (£3.9bn).Profit from recurring operations was flat at €388m (£349m). LVMH said: “Sephora had a good year with further growth in revenue and profit from ...
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Système U widens its network
Système U president Serge Papin told French trade magazine LSA that 2009 was one of the best years for the group, with the retailer adding 1.6 million sq ft to its network.Net sales were up 3.3% (excluding fuel) to E14.5bn (£12.66bn). Papin claimed that the company was the only retailer ...
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Leclerc's sales rose
Hypermarket chain E.Leclerc reported full-year group sales rose 5% to E29.4 bn (£25.7bn), excluding petrol, and 5.6% to E27.2bn (£23.8bn) in France.The retailer said the strong performance was due to its permanent price cuts, which were reinforcedin 2009. E.Leclerc also revealed that sales for its umbrella private label Marque Repère ...
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News
More details on Priba
More details have been revealed about Auchan’s new discount format Priba, which is to launch at Mulhouse in eastern France.The logo for the banner will be coloured half apple green and half raspberry pink. Auchan intends to introduce new shopfittings and gondolas to the store, which is to be converted ...
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Carrefour to create an executive board
Carrefour is to create an executive board that, along with group executiveLars Olofsson, will be charged with developing the group’s strategy, operational goals and oversee execution.Newly appointed France executive director James McCann, formerly Tesco’s Hungary chief, will be among the new board members.Separately, Carrefour has reported sales of E96.2bn (£86.5bn) ...
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Auchan to launch new discount store
Hypemarket operator Auchan is to launch a new discount format at Mulhouse in eastern France, by rebranding one of its underperforming stores.The store will adopt a new banner, called Priba by Auchan. Employees of the store were told about the change on December 24 by store director Marc Du Colombier.The ...
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NewsDSGi to sue legal advisers over French loss
Consumer electricals giant DSGi is reportedly to sue its own legal advisers for as much as €1m over alleged mistakes in closing down the retailer’s business in France.
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News
Pinault plans to divest its retail businesses
PPR chief executive François-Henri Pinault told the Wall Street Journal that the group plans to divest its retail businesses including Conforama, Fnac and Redcats.Pinault did not give any details on when the group plans to sell the companies, but said: “The sooner, the better.” He added that about 20 companies ...
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Carrefour plans to double store in Malaysia by 2012
French Grocer Carrefour plans to double store numbers in Malaysia to 40 by 2012. Chief executive Guillaume de Colonges said the expansion was in line with its strategy of positioning itself to be the top foreign hypermarket operator in the country.He added that the retailer was committed to growth in ...
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Carrefour's Guy Yraeta is to leave the business
Carrefour’s Guy Yraeta, who is in charge of the group’s key European operations, excluding France, is to leave the business.Yraeta spent 33 years at Carrefour and is responsible for the hypermarket reinvention project, which is in the process of developing a new concept for Carrefour’s struggling hypermarket format. Until a ...
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Carrefour reports sales rise
Carrefour has reported that sales for its third quarter reached E23bn (£21bn), a rise of 0.5% excluding petrol and at constant exchange rates.In France, market share gains were driven by the strong performance of Carrefour Market – where like-for-likes increased 6% excluding petrol – and the success of Carrefour-branded products. ...
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News
Casino’s consolidated net sales contracted by a reported 1.4%
Casino’s consolidated net sales contracted by a reported 1.4% in the third quarter of 2009, on the back of a 2.6% decline in the first half.Reported sales in France were down 5.3%, a performance in line with the first-half trend.Overseas, reported growth came to 6%, up from 2.4% in the ...
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News
PPR to float CFAO
Luxury and retail group PPR has announced plans to float its CFAO distribution unit.The African division will be floated on the Euronext stock exchange in Paris by the end of the year, subject to favourable market conditions. The high-growth CFAO unit generated sales of e2.86bn (£2.45bn) last year.
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News
Fast Retailing profits up 14%
Fast Retailing has reported that net profit rose 14.4% to ¥49.8bn (£315m) for the financial year ended August 31. Sales rose 16.8% to ¥685.04bn (£4.3bn).The clothing store operator will seek to expand its Uniqlo stores in Asia from 76 to 132 over the next year. Fast Retailing, which aims to ...
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Carrefour facing pressure from its largest investors
Carrefour is facing pressure from its largest investors, Colony Capital and billionaire Bernard Arnault, to sell its operations in Asia and Latin America.The call follows a drop of close to 30% in the value of Carrefour stock since the shareholders came on board in 2007.A source close to the board ...
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Casino hypermarket format targets women
Hypermarket operator Casino has launched a store format targeting female shoppers.Located in Montpellier, France, the Géant Casino Odysseum has a sales area of 130,000 sq ft and focuses on fresh produce, private labels, textiles, homewares and leisure categories.Signage throughout the store is designed to connect with the customer, with sections ...
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Carrefour launches campaign
Carrefour has launched a campaign highlighting six menu ideas at less than e1 (86p) per person.Produced by Publicis, the campaign will run on TV and in the grocer’s 1,200 French stores.The menus, made using Carrefour own-branded products, are intended “to reduce the daily food bill while purchasing power is at ...