'Tweaking The Formula' Proving Successful At Groupe Casino's French Businesses: Analysis
At Groupe Casino, the mantra at the moment seems to be 'change is as good as a rest', with many of the company's French banners undergoing fundamental changes that are contributing to promising sales growth.
The retailer has just published full year sales figures that indicate a business in relatively good health, with full year sales up 2.4% on a same store basis to €37.8 billion. Fourth quarter sales were up 2.0% to €10 billion.
In the group's core France Retail market, which accounts for roughly half the group's sales, same store sales were up marginally (0.3%), with food sales up 1.3%.
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