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French Retailers Likely To Face Structural Challenges In Coming Years: Moody's

Published on Feb 18 2019 10:30 AM in Retail tagged: Featured Post / Carrefour / France / Casino / Moody's / Paywall

French Retailers Likely To Face Structural Challenges In Coming Years: Moody's

Operating conditions in the French grocery market are likely to become 'increasingly difficult' in the coming years, due to increased structural challenges, a new report by Moody's has found.

The report, Mounting Structural Challenges Will Constrain French Grocers' Credit Quality, reported that sales of fast-moving consumer goods in France rose by 1.5% last year, below the rate of inflation (1.8%).

'Despite French GDP growth of 1%-2% since 2016, the fast-moving consumer goods market, which includes packaged food and cleaning and hygiene products sold in supermarkets, has barely grown in line with inflation, pointing to stagnating industry sales in real terms,' Moody's wrote in the report.

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