Latest Intelligence on Retailing in France

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Type Product title / description Pub Price
CommentWire
CommentWire

PPR: luxury not crisis resistant

With sales of E20.2 billion, 2008 looks like the last good year before the global crisis starts to affect sales at French giant PPR. Electricals and furniture sales have already been impacted by the slowdown in mature markets, and luxury will not prove immune to the downturn. As a result, PPR is positioning itself to survive difficult conditions in 2009.

Published By Datamonitor
23 Feb 2009
CommentWire
CommentWire

Carrefour: possible bid for Russian grocery chain

Carrefour is reportedly looking to acquire Russia's Seventh Continent. While the bid is unconfirmed, Carrefour could enter the Russian market with a bang, acquiring a network of 140 outlets. However, such a brash market entry would impose significant rebranding costs if Carrefour intends to implement the single-brand approach that has worked so well for the retailer in other new markets.

Published By Datamonitor
26 Feb 2009
CommentWire
CommentWire

Casino's diversification drives growth

Casino had a buoyant year in 2008, with sales rising 14.9% to E28.7 billion and earnings before interest, taxes, depreciation and amortization up 8.5% to E1.9 billion. Diversification played a fundamental role in this success, allowing the company to cater to changing consumer behavior in France. The group's multi-format, international spread should help it to weather the current economic storm.

Published By Datamonitor
06 Mar 2009
Expert View
Expert View

Kesa Electricals: surviving in a challenging market

Kesa saw like-for-like sales fall by 6.1% in the 12 months to April 30, 2009, while total sales increased by 8.3%. Effective cost control and a strong balance sheet will help the retailer to weather the storm, but Kesa must not neglect its core offer and long-term growth opportunities.

Published By Datamonitor
14 May 2009
CommentWire
CommentWire

Savola's purchase of Geant Saudi's stores marks another big move in the Kingdom's FMCG sector

Savola Group chief executive, Sami Baroum, announced yesterday that an agreement has been reached with the Fawaz Alhokair Group to purchase all 11 Saudi Geant stores in the Kingdom. The deal is expected to see Savola's fast moving consumer goods retail arm, Azizia Panda, grow its share of the Saudi retail market to 8%, up from 7% at present.

Published By Datamonitor
28 Jul 2009
Expert View
Expert View

French grocers report mixed first half results

French grocery chains have reported a mixed set of results for the first half of 2009. While the large and outdated hypermarket format continues to underperform, convenience formats are driving growth. Despite the resilience of smaller format stores, most of the large French grocers still rely on hypermarkets for the bulk of their turnover, which is dragging down overall sales performance.

Published By Datamonitor
03 Sep 2009
Expert View
Expert View

Carrefour: abandoning Russia

Europe's largest retailer has reported a lackluster set of third quarter results, but the real shocker was its announcement that it will be leaving Russia, just a few months after opening its first stores there. The unexpected withdrawal comes as a surprise and is a setback for international retail development in the country.

Published By Datamonitor
19 Oct 2009
CommentWire
CommentWire

Auchan: hypermarket concept revitalized through new fascia in France

Following the success of Auchan's Radouga discount hypermarket concept in Russia, the retailer has opened an adapted version in France. The store aims to meet consumer demand for permanently discounted prices and will reduce Auchan's costs by cutting out staffed counters. The format will act as a revitalization model for underperforming hypermarkets in the group's portfolio.

Published By Datamonitor
15 Jan 2010
CommentWire
CommentWire

Delek: French expansion may set new service station trend

Delek Europe, part of Israeli investment firm the Delek Group, has revealed its intention to buy the French service station network of fuel retailer BP. The proposed deal, worth E180m, will be beneficial for both companies: the sites will remain BP branded and accept BP fuel cards, while the Delek Group will continue to grow its European service station presence.

Published By Datamonitor
10 Feb 2010
CommentWire
CommentWire

Casino: cashing in on its multi-format strategy

French grocery giant Casino has announced a resilient set of results for 2009, with only a minimal decline in sales. Its multi-format strategy has helped buoy sales, as its convenience stores continue to outperform the larger stores. In addition, Casino's focus on international expansion has helped shore up revenues in strong growth markets, which is encouraging for the group's long-term outlook.

Published By Datamonitor
05 Mar 2010

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