Casino confidently looks forward to 2014 | RetailDetail

Casino confidently looks forward to 2014

Casino confidently looks forward to 2014

French distribution group Casino has had a strong 2013 with better performances in France and a continuous (strong) growth in Latin America and Asia, causing CEO Jean-Charles Naouri to express his confidence for 2014.

France on the recovery

The French group received good grades for its 2013 performance, as the group turnover grew 15.9 % to 48.65 billion euro, while its operational profit grew 18.1 % to 2.36 billion euro. In its home market France, Casino managed a 5.7 % turnover increase to 19.49 billion euro, mainly thanks to Monoprix’ consolidation.

 

There was however a 3.9 % drop on a like-for-like basis, as the different formulas had widely varying performances in the previous year. Géant hypermarkets (- 6.3 %), Casino supermarkets (- 4.4 %) and convenience stores CasinoShop and Vival (- 2.3 %) all had to accept losses, while e-tailers Cdiscount/Monshowroom (+ 16.1 %), LeaderPrice (+ 5.3%) and Monoprix (+ 1.4 %) all charged ahead with positive numbers.

 

When CEO Naouri presented the full-year results, he pointed out the remarkable turnaround in the 126 Géant hypermarkets, which managed to grow 0.8 % in the fourth quarter - compared to a - 7 % in the fourth quarter of 2012. “This is the clearest example that our price policy of lower prices is starting to work”, Naouri concluded. “We welcomed an additional 1.9 % of customers, who bought 8.1 % more than in the same quarter the year before.”

 

Its 444 supermarkets had a similar evolution, which prompted the CEO to announce that this year the Casino group will get organic growth once again in France.

 

60 % of turnover comes from abroad

Casino’s international performance grew to 60 % of the group’s total turnover, some 29.15 billion euro: not only because of expansion, but also because of a strong organic growth of 11.9 %.

 

Brazil was the frontrunner in Latin America, a region that grew 13.1 %, with Colombia and Uruguay also contributing quite a bit (+ 3.6 %). Vietnam is number one in Asia with a 13.5 % growth, while Thailand grew 6.7 %, which resulted in a 7.5 % increase for the entire Asian region. Both Asian countries will continue to feature heavily in Casino’s plans, as new stores will keep popping up in Vietnam and Thailand.

Questions or comments? Please feel free to contact the editors


Isabel Marant opens first Dutch store

24/05/2018

Fashion brand Isabel Marant opened its very first Dutch boutique in Amsterdam. It is located in the P.C. Hooftstraat, in a former McGregor store.

Zara opens new flagship store with holograms and robots

18/05/2018

Zara’s remodeled flagship store in Stratford (London) welcomes customers with holograms, robot arms and iPad-powered employees. The store wants to unite the best of both the online and offline shopping world.

Komono wants to reach 10 physical stores this year

17/05/2018

Belgian accessory label Komono wants to double its number of physical stores to ten this year. “The stores are important to tell our story”, Anton Janssens and Raf Maes told De Standaard.

Hema has to pay Levi's millions

17/05/2018

Store chain Hema needs to pay a 4.4 million euro fine to jeans brand Levi’s after the latter went to court because Hema applied its V-shaped stitching to its own collection.

Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.