Markets/France/News

France news 

05 September 2023
Carrefour revealed it appointed a new executive director in France. Meanwhile, the retailer is enhancing the shopping experience in Argentina and Brazil, featuring a new autonomous store and its new Super Nova generation 2 store concept. Separately, in Poland, Carrefour continues to focus on support shoppers purchasing power, by offering a new discount scheme throughout September. Carrefour ap...
27 July 2023
Net sales for Casino Group were down -6.6% year-on-year (YoY), and -1.2% in like-for-like sales (LFL) resulting in €5.5bn in Q2 2023. Similarly to Q1, the only positives were its Parisian and convenience banners, and operations in Latin America due to successes of GPA and Grupo Éxito. Small steps in the right direction for Casino supermarkets in France Overall net sales in France retail fel...
27 July 2023
Carrefour revealed a strong group performance, net sales in H1 2023 reached €40.7 bn an increase of 12.4%, with like-for-like (LFL) sales growing by 11.2%, compared to H1 2022. Carrefour continues to progress with its 2026 strategy plan, against a backdrop of record food inflation in Europe. Key highlights for the group include the sale of private label products continued to grow, which increa...
19 July 2023
Reports from France suggest the discounter is interested in acquiring up to 600 stores from Casino Group. How discounters can rule the world At the beginning of July 2023, we launched our latest discount report, How discounters can rule the world . In the report, IGD’s discount working group presents its opinions on what food discounters need to do in the long term to sustain sales growt...
18 July 2023
In its Q1 2023 press release, Casino highlighted that environmental commitments have been made central to its strategy in order to address climate change. Following on from this, the group is installing EV charging stations across eligible stores in France, while a pilot is being tested in Brazil for the collection of recyclable materials. Installation of EV charging stations across all eligib...
13 July 2023
Carrefour continues to close the gap between French market leader Leclerc, with the agreement to acquire Cora and Match banners from the Louis Delhaize group. Carrefour reveals acquisition of Cora and Match Carrefour announced it is acquiring Cora and Match banners for the Louis Delhaize group. The agreement will include the procurement of 55 hypermarkets and 77 supermarkets, for over €1 bn...
10 July 2023
In recent weeks Amazon has made four significant strategic developments, investing in its international operations, focusing on sustainability and gearing up for Prime Day 2023. Strengthening commitment to India’s long-term potential Amazon has been quick to compete with Walmart’s increased $2.5bn commitment to the Indian market as it announces plans to take investments to $26bn by 2030, wi...
04 July 2023
We recently visited two cities Nantes, and Rennes, in France to explore what the cities offer and understand how retailers are evolving to help build shopper confidence as inflation and the cost-of-living continues to manifest uncertainty. In this article, we reveal three must visit stores and explain why you need to see them. 1. Leclerc, Centre Commercial Orvault Grand-Val, 1 Rue de la Con...
26 June 2023
A summary of recent developments, as the debt-ridden French retailer looks to secure its short-term future. €900m needed to progress with business plan With a reported debt of €6.4 billion, it is fair to say that changes are needed at Casino Group. The retailer has been busy divesting its assets over the past few years and more will be on the way. It needs €900 million of new money in th...
22 June 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Europe Europe’s leading grocery retailers in 2027 (Subscriber webinar) Tuesday 27 June 2023 10:00 BST Join us for an overview of the European grocery landscape, highlighting the region’s leading retailers and how we expect them to grow and evolve over the next five years. The...