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France's Auchan Sets Sights On Becoming A 'Multi-Format Phygital Retailer'

Published on Sep 4 2018 12:35 PM in Retail tagged: Trending Posts / France / China / Auchan / Sun Art / Phygital / Paywall

France's Auchan Sets Sights On Becoming A 'Multi-Format Phygital Retailer'

France's Auchan Retail has reinforced its pledge to become a 'multi-format phygital retailer', with further focus on convenience outlets and simplifying its portfolio of banners.

Announcing its first half results, in which the retailer saw a 0.5% decrease in revenue of €25.7 billion, and a 14.0% decline in EBTIDA, Auchan said that it 'continued to make progress' on its transformation plan, Vision 2025.

In the period, the group opened 250 new stores, some 94% of which were either convenience or 'ultra-convenience' stores, including six new MyAuchan proximity outlets in Portugal, and the further rollout of its Auchan Minute concept in China.

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