All France articles – Page 17
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News
Grocer Auchan plans offensive pricing strategy
Grocer Auchan plans to compete with rival Leclerc on pricing and promotions this year. The retailer will move towards an offensive pricing strategy throughout France, according to Auchan France managing director Vincent Mignot. The hypermarket format will remain the backbone of the retailer’s strategy.Auchan said 58 of its 120 French ...
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AnalysisAuchan pins hopes on China for future growth
French retailer Auchan hopes its Chinese operations will drive growth because sales in Western Europe are expected to remain flat.
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News
Carrefour launches transactional smartphone app
Carrefour has launched a transactional smartphone application in its home market. Using the My Carrefour shopping tool, customers can log in to their account on Carrefour.fr and select products either by using a keyword search or scanning the barcode on an item.Shoppers can choose whether they would like to have ...
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AnalysisCarrefour hits the brakes after profits suffer a fall
Carrefour last week put the roll-out of the Carrefour Planet format on hold as it revealed a drop in profits in the latest financial year.
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AnalysisEmerging markets drive profits growth at Casino
French grocery group Casino reported strong results for 2011 last week, boosted by overseas operations.
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News
Casino plans to keep stake in Monoprix
Casino has said it is not planning to sell its 50% stake in variety store Monoprix – a joint venture between the retailer and Galeries Lafayette – which it considers a strategic asset.The grocer said that if department store chain partner Galeries Lafayette wanted to sell its 50% interest in ...
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News
Casino launches Cvous.com
Casino has launched Cvous.com, a community website dedicated to consumers who want to “share ideas on products and services offered in stores”. Users are able to voice their opinions on products and vote for their favourite items. The products that are highlighted will be then promoted in stores and participants ...
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News
PPR reports net sales increase
PPR’s net sales rose 11% to e12.2bn (£10.6bn) in 2011 while net income soared 40% to e999m (£866m), driven by its luxury brands brands including Gucci, Yves Saint Laurent, Bottega Veneta and Puma.PPR said it is now ready to divest non-core operations Redcats and Fnac and has 10 investment banks ...
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NewsKingfisher's Ian Cheshire honoured by the French
Kingfisher group chief executive Ian Cheshire has received an Order of State granted by the French President for his “significant contribution to the strengthening of economic and commercial links between France and the UK”.
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News
Carrefour appoints three directors
Carrefour’s hypermarket business in France is to be reorganised with the appointment of three directors to manage it. Patrice Lespagnol, Philippe Lartigue and Frédéric Duranton will be responsible for the division, under the leadership of Noël Prioux, head of Carrefour France. Guillaume Vicaire, who has been executive director of French ...
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News
Cost-cutting at La Redoute
PPR-owned mail order retailer La Redoute may cut 250 jobs as part of a new cost-cutting initiative designed to make the retailer a pure-play online operation. The job losses would be mainly voluntary redundancies over a three-year period. Last week it was revealed that PPR was cutting 510 jobs at ...
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News
Carrefour’s global brand director departs
Carrefour’s global brand director Laurent Blum has left the retailer. Before his appointment by chief executive Lars Olofsson at the end of 2009, Blum was vice-president of Nestlé Waters France, responsible for marketing and sales. Blum will reportedly not be replaced, and his duties will be reassigned between the internal ...
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News
Carrefour sells 97 supermarket properties
Carrefour has sold 97 supermarket properties to La Française AM, an investment fund majority-owned by Crédit Mutuel Nord for e365m (£305.5m).The properties were previously held by Carrefour’s real-estate branch, Carrefour Property. Carrefour will continue to operate the stores through 12-year leases under its Carrefour Market banner.
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NewsMulberry appoints new chief executive
Luxury goods retailer Mulberry has appointed a new chief executive who will join in March.
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News
Carrefour may sell stake in Altis to fund new venture
Grocery retailer Carrefour could sell its 50% stake in franchisee Altis to fund part of the takeover of its main franchisee Guyenne & Gascogne.Altis is a joint venture between Carrefour and Spanish grocer Eroski. The latter would reportedly buy Carrefour’s stake and sell it to a French retailer that has ...
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News
Casino to reduce non-food sales area in hypermarkets
Casino is to reduce the non-food sales area of its largest Géant hypermarkets in France following a pilot test in its largest hypermarket located near Marseille in which the sales area was reduced from 182,990 sq ft to 150,700 sq ft. Casino will cut the non-food sales area of half ...
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News
Carrefour denies reports to replace chief executive
Carrefour denied reports that key shareholders plan to replace chief executive Lars Olofsson. It said in a statement: “The board of directors of the company formally denies all information published in the press on that subject.” It released the statement after Le Figaro reported that the shareholders were lining up ...
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News
Discounter Dia cuts 2011 sales forecast
Spanish-based discounter Dia has cut its sales forecast for 2011 due to troubles in the “complicated” French retail market, where its nine-month like-for-likes fell nearly 7%. In 2010, France accounted for nearly 27% of Dia’s sales worldwide. The retailer, which was spun off by Carrefour last July, said it now ...
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GalleryIn pictures: M&S Paris flagship opens today
Marks & Spencer is to open its flagship Paris store today.
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News
Carrefour’s ELC speaks out against activist investor
Carrefour’s European Labour Committee (ELC) has spoken out against activist investor Knight Vinke’s proposal to elect a new chairman for the company.It claimed that the plan was aimed at dismantling the group. The ELC said that it wants “stability” and affirmed its support for the Carrefour Planet format, which it ...