Home / Knowledge / News / Apparel/Garments / Carrefour sales driven by emerging markets in H1

Carrefour sales driven by emerging markets in H1

12
Jul '12
Carrefour announced sales of the First half and second quarter of financial year.

H1 2012 sales:  €43.7 bn, +0.9%, driven by growth in emerging markets, notably in Latin America, where sales rose 5.3% (+8.3% at constant exchange rates).

Q2 2012 sales:  €21.7 bn, broadly stable at -0.3%, supported by sustained growth in emerging markets. Sales trends stabilized in France and Europe.

  • France: Sales down 2.1%, supported by improving food sales but impacted by a fall in non-food sales, notably for seasonal goods. Sales trends at hypermarkets and supermarkets are in line with the expected effects of the action plan. Significant improvement of sales in convenience. Acceleration of Drive roll-out with 125 outlets at end-June.
  • Europe (ex. France): Sales down 3.5% (-2.4% at constant exchange rates), impacted by a depressed consumption environment in Southern Europe. Growth in sales in Belgium.
  • Latin America: Sales up 2.7% (+7.4% at constant exchange rates). In Brazil, Atacadao continued its growth.
  • Asia: Sales up 14% (+1.8% at constant exchange rates), an improvement over the previous quarter. Sales growth in China, driven by expansion.

The first half was marked by three changes in scope:

• End of the franchise agreement with Coop Atlantique effective January 1, 2012

• End of the franchise agreement with Altis effective April 6, 2012

• Integration of Guyenne & Gascogne on June 1, 2012, after the success of the cash tender offer, with a secondary option in shares, followed by a compulsory buyout offer

The calendar effect in France is estimated at -0.6% in the second quarter.

Sales in France fell by 2.1%. The petrol effect is +1.5%, boosted by the success of the "Low Price Guarantee" on petrol launched in  May in hypermarkets. 

LFL sales at Hypermarkets recorded a drop of 3.5% (-5.7% excluding petrol).  Food sales trends improved for the second consecutive quarter. Non-food sales declined, impacted by unfavorable weather conditions that affected apparel and seasonal goods (gardening, camping).

LFL sales at Supermarkets were up 0.8% (-1.4% excluding petrol), with improved food sales. Franchise store activity is up in spite of a high comparable level in the previous year.

The roll-out of Drive accelerated, with the number of outlets rising to 125 at the end of Q2: 67 Drives were opened during the quarter, including 19 in hypermarkets and 48 in supermarkets.

Other formats (especially convenience and cash & carry) recorded sales growth of 4.9%. Excluding petrol, sales grew 3.4% driven by renovated stores. At end-June, the convenience format included 413 City, 348 Contact, 143 Express and 15 Montagne.

Carrefour


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Feb 2020

Vietnam textile firms urged to source from Malaysia, India

Pham Xuan Hong, president of Ho Chi Minh City’s textile association,...

Pic: Shutterstock

Textiles | On 17th Feb 2020

Myanmar to initiate measures to improve trade strategies

Myanmar will take measures to raise overseas demand for indigenous...

Pic: PaCT

Apparel/Garments | On 17th Feb 2020

IFC portal to monitor resource usage in Bangla RMG sector

The International Finance Corporation (IFC) has developed PaCT...

Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search