Food and Staples Retailing Hypermarkets and Super Centers

More

  • PARIS, April 15- Brazil and southern Europe drove first quarter sales growth at Carrefour as its turnaround strategy gained traction, and the world's second-biggest retailer said it was comfortable with market expectations of higher full year profits. Same-store sales in Brazil, Carrefour's second largest market after home base France, rose 9.9 percent in...

  • PARIS, April 15- Carrefour, the world's second-biggest retailer, told investors on Friday it was comfortable with market expectations of higher profits this year, after reporting a pick-up in sales growth in the first three months, driven by its performance in Spain and Italy as well as Brazil. Trading conditions remained challenging in China though there were...

  • PARIS, April 14- French retailer Casino, under pressure from an activist U.S. investor, beat first-quarter sales forecasts on Thursday, showing a recovery in its home market and a slower decline in consumer electrics demand in recession-hit Brazil. The group, which saw its credit rating cut to junk status last month by Standard& Poor's, also kept its goals for...

  • *Luxury malls, department stores, hypermarkets spring up. BANGKOK, April 6- In a downtown Bangkok mall, ripped jeans and mirror sunglasses aimed at fast-fashion teens show how Thai retailers are getting ready for the next big thing- a government stimulus package they're betting will revive sales after years of stagnation. Amid record tourism numbers, the...

  • *Consumption patterns shifting in China. SHANGHAI/ HONG KONG, March 16- Retailers in China are shedding staff, slowing expansion plans and seeing stocks pile up in warehouses as shoppers tighten their belts- a major headache for a country that has pinned its hopes on consumers to drive economic growth. The weak sales of even cheap household goods underlines the...

  • *Operating profit rose 33.4 percent in Europe. Carrefour proposed raising its 2015 dividend by 2.9 percent to 0.70 euros a share after operating profit rose 2.4 percent to 2.45 billion euros, in line with a Thomson Reuters poll forecast. "China is beginning to lose money, while the equity story misses catalysts somewhat."

  • PARIS, March 10- Carrefour, the world's second-largest retailer, said on Thursday it would step up investments to renovate and open stores this year to cement its turnaround in Europe and revive weak sales in China. In response the company, which makes about three-quarters of its sales in Europe, has cut prices and costs, accelerated expansion into convenience...

  • Carrefour, the world's second-largest retailer, said on Thursday it would boost investments to renovate and open stores.

  • PARIS, March 9- Retailer Casino responded to pressure from U.S. activist investor Muddy Waters with a renewed pledge to cut its debt using the proceeds from disposals and the promise of improved profits and cash flow. Muddy Waters "shorted" Casino in December, saying the French group was "dangerously leveraged" and managed for the short term, sparking a share price...

  • *Thailand disposal, weak Brazil make France more crucial. The French group's shares plunged in December when activist investor Muddy Waters said Casino was "dangerously leveraged" and managed for the short term. To reduce its debt of nearly 6 billion euros, Casino is now banking on improved cashflows in France and 4 billion euros of asset sales.

  • PARIS, March 1- Larger stores, an improved range of goods on its shelves and buying locally are helping discount supermarket chain Lidl win market share in France from Carrefour and Leclerc, a senior executive told Reuters. Lidl has grown its market share in France from 4.6 percent in October 2014 to 5.1 percent in January 2016, mostly by attracting more shoppers,...

  • CAMPO GRANDE, Brazil/ BENTONVILLE, Arkansas, Feb 17- W hen Wal-Mart Stores Inc. first expanded into Brazil's midwestern farm-belt city of Campo Grande seven years ago, the economy was booming and executives were eager to open stores even in sub-prime locations on one-way streets heading out of town. At the end of December, the U.S. retailer closed both of its Maxxi...

  • BANGKOK, Feb 8- Investors in Big C, one of Thailand's largest supermarket chains, cheered on Monday an up to $3.5 billion deal by France's Casino Group to sell its majority holding to TCC Group, owned by whiskey tycoon Charoen Sirivadhanabhakdi. Shares in Big C Supercenter hit a 13- month high of 251 baht on Monday, just below the offer price of 252.88 baht, and jumped...

  • LONDON, Feb 8- European shares steadied in early trading on Monday after steep losses in the previous week, with some encouraging company updates and stronger mining stocks underpinning the market. Casino shares rose 5 percent after the French retailer said it had agreed to sell its majority stake in Thai hypermarket operator Big C Supercenter for 3.1 billion...

  • BANGKOK, Feb 8- Shares in Thailand's Big C Supercenter surged more than 9 percent to a 13- month high on Monday after France's Casino Group agreed to sell its majority stake in the Thai hypermarket operator to TCC Group at a premium. The French retailer said on Sunday it had agreed to sell its 58.6 percent of Big C to TCC Group at 252.88 baht per share, a 28 percent...

  • BANGKOK, Feb 8- Shares in Thailand's Big C Supercenter surged more than 9 percent to a year high on Monday after France's Casino Group agreed to sell its majority stake in the Thai hypermarket operator to TCC Group. At 0303 GMT, Big C shares were up 9.6 percent to 249 baht, the highest since late January 2015, while the overall market index was up 0.16 percent.

  • *Deal to boost tycoon Charoen's retail presence in Thailand. HONG KONG/ BANGKOK, Feb 7- France's Casino Group has agreed to sell its majority stake in Thai hypermarket operator Big C Supercenter for 3.1 billion euros excluding debt to Thailand's TCC Group, it said on Sunday. Casino announced a 4- billion-euro disposal plan in 2016, including the sale of its...

  • *Thailand's Central Group seen as frontrunner. SINGAPORE/ HONG KONG, Jan 29- French retail group Casino's sale of its Thai and Vietnam units has drawn the eye of Singapore's Dairy Farm International Holdings and South Korea's Lotte Shopping but they'll need punchy bids to go up against deep-pocketed Thai tycoons, bankers said. Central Group, Thailand's biggest...

  • PARIS, Jan 15- Carrefour's sales growth slowed in the fourth quarter, as the Paris attacks in November and mild winter weather weighed on its core business, the French retailer said on Friday. Carrefour's Chief Financial Officer Piere-Jean Sivignon told journalists that the Paris attacks had weighed on its French sales in the quarter, echoing French rival...

  • Why the Woolworths CEO exit was expected

    Gareth James, Senior Equities Analyst at Morningstar, says he expected the CEO departure as the business has been under pressure for a while.