All France articles – Page 16
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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 ...
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OpinionTime to get smart with CRM
As is the case with multichannel integration, customer relationship management (CRM) is a term that’s been around for years yet too few retailers appear to be practicing it.
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OpinionFrench retail: Vive la différence
The view, admiringly or not, that the French differ intractably from their neighbours, is enshrined in cliche.
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News
Grocer Casino sells real estate stake
Grocer Casino has sold 9.8% of its stake in its real estate subsidiary Mercialys via an equity swap with French bank Crédit Agricole, generating E138m (£112.1m).It followed Casino’s disclosure in early February of its plans for Mercialys, in which the retailer would decrease its holding in the property company in ...
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AnalysisCan Ikea change the face of consumer electronics?
Ikea has surprised us all with its plans to launch a range of living room furniture with integrated consumer electronics.
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AnalysisChallenges await the new Carrefour chief executive
In Lars Olofsson’s last full quarter as chief executive, French grocery giant Carrefour reported a 0.9% rise in first quarter sales excluding fuel, at constant exchange rates, to E22.5bn (£19bn).
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News
Galeries Lafayette to revamp flagship store
Department store business Galeries Lafayette plans a E85m (£71.8m) investment at its flagship store on Boulevard Haussmann in Paris.The retailer intends to expand the space dedicated to luxury goods, leather products, jewellery and footwear. As part of the renovation, Louis Vuitton, Cartier and Chanel outlets will be located on two ...
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News
Carrefor launches new loyalty programme
Carrefour has launched a new point-based loyalty programme in the United Arab Emirates called MyClub, an innovation within the hypermarket sector in the region.Members earn one point for every AED10 (£1.75) spent in the retailer’s stores, with extra points available on special offers. When 500 points are accumulated, a AED50 ...
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News
Intermarché given go-ahead for Altis takeover
Grocer Intermarché has received approval from competition authorities to take over 20 Altis stores operating under the Carrefour banner. Last year, Intermarché reached an agreement with Spanish grocer Eroski to acquire the Altis joint venture in southern France.Eroski had already purchased Carrefour’s 50% stake in Altis, which operated six Carrefour ...
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Gallery
Store of the week: Esprit Gare St Lazare, Paris
It’s probably not too much of an exaggeration to say that Esprit remains somewhat left-field as far as the UK shopper is concerned.
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News
Auchan unveils new pricing strategy
Grocer Auchan has unveiled its new pricing strategy. The retailer is expanding its fruit and vegetables available for less than €1 from the current eight to 14 varieties. The €1 price point will also be applied on a broader range of products including meat, frozen food and organic products. The ...
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GalleryParis: Adding digital elements to visual merchandising
Stores in the French capital are increasingly adding a digital element to visual merchandising. John Ryan takes a look.
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News
PPR group trials new Fnac store concept
Luxury and retail group PPR is trialling a new Fnac store concept. While typical Fnac stores offer entertainment, electronics and media products – including audio-visual consumer electronics, CDs, DVDs, books and newspapers – the new concept is also stocking household appliances such as coffee makers and toasters as well as ...
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News
Casino to take sole control of CBD
Supermarket operator Casino is recommending the removal of Galeries Lafayette chief executive Philippe Houze and Abilio Diniz, who controls leading Brazilian supermarket chain Companhia Brasileira de Distribuição (CBD), from its board of directors due to “ongoing conflicts”.Casino has said it will take sole control of CBD, ending the founding Diniz ...
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News
Department store Galeries Lafayette reports sales increase
Department store operator Galeries Lafayette’s sales were up 4% and operating income rose 4.8% to E372m (£311m) in the 2011 financial year. Overall sales, including Monoprix, reached E5.58bn (£4.67bn) while consolidated sales, excluding concessions, totalled E4.96bn (£4.15bn).The results were largely down to the performance of the group’s flagship store on ...