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.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!