All France articles – Page 22
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News
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
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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News
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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News
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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News
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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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
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
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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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
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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News
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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News
Conforama to test smaller format called Confo Deco
PPR-owned household goods retailer Conforama is to test a new smaller format called Confo Deco, the first of which is expected to open in France in the first half of next year.Confo Deco will cover about 5,380 to 8,610 sq ft and focus on home decoration. Stores will be located ...
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News
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 ...
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NewsCarrefour pins €600m on revitalising sluggish sales
Recession-related despondency is being tackled at Carrefour with the launch of a new marketing campaign for its struggling French operations.
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News
Auchan has signed an €800m loan
Retail conglomerate Auchan has signed an €800m (£686m) loan after taking double the launch amount.Syndication proved to be straightforward for the supermarket group, which raised more than €1.3bn (£1.1bn) from the market. HSBC, Intesa, Sanpaolo, Natixis and Santander led the transaction.After being increased from €400m (£343m), lenders’ allocations were also ...
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News
Casino’s first-half net profits hit €231m
French grocer Casino’s first-half net profits hit €231m (£203.5m), up from €229m (£201.8m) in 2008, while operating profit fell 9.1% to €488m (£430m).The retailer now expects to have implemented a €1bn (£881.1m) asset disposal programme by the end of next year. It also plans to strengthen its appeal by developing ...
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News
Carrefour reports larger than expected loss
Carrefour has reported a larger than expected €58m (£51.1m) loss in its first half, compared with a €747m (£655.7m) profit a year earlier.The grocer plans to spend as much as €600m (£528.8m) on discounts and marketing this year to improve sales in France. Revenue fell 1.6% in the first half ...
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GalleryStore of the Week: Camper Beaubourg, France
Spanish shoe retailer and brand Camper provides a new reason for visiting the Paris’s Beaubourg area with a store that takes a pretty unusual stance to visual merchandising and layout.