FRANCE: CARREFOUR EXPANDS ITS CONCEPT
Article Abstract:
Carrefour is focusing on its store organisation concept, which, already widespread, will now continue in the food domain. the Venissieux hypermarket will be the first to have this type of organisation along with improvement in the quality of reception and service. The renovation work on the Venissieux Carrefour store will be completed in April 2001. This hypermarket expects to then enjoy a 20% rise in turnover from 1998, mainly due to increased traffic. Then other hypermarkets in the Carrefour group are to be brought up to the new norms. Pau is the next location targeted by Carrefour.
Comment:
Expands its hypermarket grocery stores idea, renovate stores and expects to boost earnings.
Publication Name: Points de Vente
Subject: Business, international
ISSN: 0150-1844
Year: 1998
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FRANCE: CASINO'S INVESTMENTS OUTSIDE OF FRANCE
Article Abstract:
The Casino group intends to continue its development outside of France in 1999, and it is targeting the markets in Taiwan, Poland, and Latin America. It intends to strengthen its positions in Latin America by soon acquiring 51% of the San Cayetano company for US$ 200mn. This company has nearly 55 local supermarkets and it makes a turnover of US$ 450mn. Casino also plans to double the Libertad retail chain by 2001; Casino bought this retail chain in 1997. The group says that it is satisfied with the good results of its first Geant store in Poland, which enjoyed a 30% rise in turnover in 1998 with sales space held constant. Casino intends to ultimately become a leader in this country. Casino says that it is optimistic concerning the outlook of the Taiwan market, and it estimates that it has a development potential of 200 hypermarkets. Encouraged by the success of its first Geant hypermarkets, the group plans to open two other units at Kaohsiung and at Taoyuan in 1999. The group plans to invest FFr 2.9bn outside of France in 1999, not including investments; this represents 61% of its total planned investments for 1999. In order to finance its external growth operations, the group will have a manoeuvring margin of about FFr 8bn.
Comment:
Intends to strengthen its positions in Latin America by soon acquiring 51% of the San Cayetano
Publication Name: Points de Vente
Subject: Business, international
ISSN: 0150-1844
Year: 1999
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