Carrefour does not need the Belgian national football team | RetailDetail

Carrefour does not need the Belgian national football team

Carrefour does not need the Belgian national football team

Carrefour Belgium has managed a 1 % like-for-like turnover increase in the first 6 months of 2015 when compared to that same period in 2014. Particularly its first quarter was impressive as the turnover growth was a mere 0.1 % in the second quarter.

WC football raises comparison base

The strong second quarter in 2014 is mostly the reason for the lower turnover growth in 2015's second quarter. Back then, the supermarket group managed a strong 3.8 % like-for-like turnover growth thanks to the Belgian national football team at the World Championships in Brazil.

 

These numbers come from Carrefour's overview report on its worldwide financial results in the first 6 months of 2015, with an overall 42.3 billion euro turnover, up 5 % compared to 2014. For the second quarter alone, the French company managed a 4.2 % turnover increase to 21.4 billion euro.

 

Part of that growth is thanks to the store network expansion as it added 225 stores in the second quarter, bringing the total to 11,910 stores by the end of June. Excluding that expansion, there would have been a 2.9 % turnover growth.

 

Carrefour performed best in Brazil, where its like-for-like turnover growth was 7.8 % in the first six months of 2015, excluding gas sales and the calendar effect. Considering its European performance, Spain stands out as it managed a 2.8 % turnover increase in the second quarter. Chinese sales under-performed, with a 13.3  % turnover drop in the first semester. Italian turnover also dropped 3.1 %.

Questions or comments? Please feel free to contact the editors


Chanel acquires stake in online retailer Farfetch

19/02/2018

French fashion label Chanel obtained a minority stake in British Farfetch. It wants to use the online retailer’s expertise to create more digital innovations for its own customers.

Monoprix wants to acquire web shop Sarenza

19/02/2018

Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.

Zalando expands collaboration with German retailers

16/02/2018

Zalando has further expanded its collaboration with physical retailers in Germany. Shoe stores were already able to ship through Zalando and now clothes stores can too.

Kiabi opens largest Belgian store in Westland Shopping Center

15/02/2018

French clothing chain Kiabi will open its fifth Belgian store in the Westland Shopping Center in Anderlecht. This will become its largest Belgian store to date, spread across 1,800 sqm.

H&M warns for difficult 2018

15/02/2018

Swedish fashion group H&M warns that 2018 could be yet another difficult year for the company. It is working to improve online sales, but store turnover will most likely continue to drop.

Gucci is main stimulus for Kering's profit

13/02/2018

French luxury group Kering proved to be very successful in 2017: its turnover grew 25 % and its net profit more than doubled compared to the year before.

Back to top