Latest Intelligence on Retailing in France

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Type Product title / description Pub Price
CommentWire
CommentWire

Kesa: beginning of Comet slowdown?

All Kesa's operating divisions performed well over the period between February 1 and July 18, though UK-based Comet lagged both Darty and BUT in terms of sales growth. Furthermore, the UK market is likely to soften during the coming months, which may cause Comet to drag down the group's performance for the year.

Published By Datamonitor
27 Jul 2007
CommentWire
CommentWire

Kingfisher: weak UK performance takes shine off strong international results

Kingfisher, Europe's leading home improvement retailer, pinned the blame for a disappointing set of UK figures on the recent unseasonal weather. While results from other markets are generally encouraging, Kingfisher desperately needs to convince skeptical investors that its recovery strategy at B&Q can deliver results.

Published By Datamonitor
30 Jul 2007
CommentWire
CommentWire

Carrefour: divestment of Portuguese hypermarkets

Just two weeks after acquiring Tengelmann's hard discount operation in Spain, Carrefour is making further amendments to its store estate by divesting its hypermarket operations in Portugal. However, Carrefour will retain its hard discounter Minipreco in the country. This is a sound move, as Carrefour's hypermarkets have seen falling sales densities across the EU for a number of years.

Published By Datamonitor
30 Jul 2007
Expert View
Expert View

Carrefour: focusing on non-food

Carrefour's first half results follow the pattern of recent years, with the retailer struggling in France while generating strong growth abroad. The hypermarkets remain the company's Achilles heel, which the retailer seeks to address with a focus on non-food. Moreover, Carrefour aims to speed up its portfolio optimization strategy and will set up a property vehicle.

Published By Datamonitor
30 Aug 2007
CommentWire
CommentWire

Kingfisher: B&Q upsets a good performance

On the surface, Kingfisher's results look promising, with a 6.4% rise in total sales, helped by a 1.9% like-for-like improvement, but beneath this, the Group has a number of underperforming divisions it needs to address. Crucially, this includes B&Q in the UK, and with an uncertain economic outlook in the UK, B&Q has its work cut out.

Published By Datamonitor
30 Nov 2007
CommentWire
CommentWire

Carrefour: strong fourth quarter sales growth

Carrefour's results for the fourth quarter have revealed a 10.0% rise in sales. Full-year sales rose for the third consecutive year at 7.0% to E92.3 billion. However, the group has appointed a new managing director in France as it aims to shake-up its underperforming domestic operations.

Published By Datamonitor
24 Jan 2008
CommentWire
CommentWire

Fnac: reportedly considering UK entry

Fnac, the French entertainment and electrical goods retailer, is reportedly looking to open stores in the UK, and is searching for a potential central London location. The UK is an extremely competitive market and Fnac already has fledgling operations in a number of other countries; therefore, at this stage in the company's development, this is a questionable risk.

Published By Datamonitor
07 Mar 2008
CommentWire
CommentWire

Casino: gambling with diversification and differentiation

Casino's net sales rose by 11% to E25 billion in 2007. Growth was largely driven by international operations, while an ongoing format diversification and differentiation strategy in France puts the supermarket group in a good position to adjust to changing consumer habits in the country.

Published By Datamonitor
14 Mar 2008
CommentWire
CommentWire

Kesa: challenges ahead for European electricals specialist

European electricals specialist Kesa has reported a better than expected rise in turnover, which was up 10.5% to GBP4.3 billion (and by 3.0% on a like-for-like basis) for the year to January 31, 2008. However, start-up costs on new ventures meant that profits improved only marginally. In addition, while the business is fundamentally in good shape, future top line growth will be harder to achieve.

Published By Datamonitor
19 Mar 2008
Expert View
Expert View

Kingfisher shows strong performance in France

Kingfisher's like-for-like growth of 2.6% over the 12 months to February 2, 2008 lifted global turnover to GBP9.4 billion. However, the figure hides a mixed picture of underlying profitability. Retail profit was down by 2.7%, impacted by tough market conditions in the UK and China, but, with more than half of its sales coming from abroad, the retailer has become a strong international player.

Published By Datamonitor
28 Mar 2008

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