×
540
Fashion Jobs
HAYS RECRUIMENT
Merchandising Manager - Growing Jewellery Brand
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager, Boots - Oxford
Permanent · OXFORD
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
HAYS RETAIL
Retail Operations Manager
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
DEPLOY LONDON
International Sales & Marketing Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Digital Marketing Manager
Permanent · LONDON
Advertisements

Retailer Casino keeps goals although French protests impacted sales

By
Reuters
Published
today Jan 18, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Supermarket retailer Casino , which is battling investor concerns over its high debt, said revenue growth slowed down slightly in the fourth quarter as anti-government protests in France impacted sales at its Geant hypermarkets.

The French “yellow vest” anti-government protests cost Casino about 50 million euros ($57 million) in lost revenue -Reuters - REUTERS/Stéphane Mahé


Casino, which is shedding assets to help cut its debts and which recorded a robust sales performance in its second-largest market of Brazil, nevertheless expected to meet its 2018 profit goals for France, and overall group and debt reduction goals.

The French “yellow vest” anti-government protests cost Casino about 50 million euros ($57 million) in lost revenue, Finance Chief David Lubek told reporters.
Casino, which controls Brazil’s Grupo Pao de Acucar , said fourth-quarter sales reached 9.928 billion euros, above the 9.8 billion euros average in a consensus of 10 analysts’ forecasts compiled by the company.

Stripping out acquisitions, disposals, currency effects and fuel, group sales rose 5.1 percent year-on-year, a slight deceleration from 5.3 percent growth in the third quarter.

Fourth quarter figures reflected a weaker performance in France where the “yellow vest” protests resulted in blocked access to some stores, notably hypermarkets which make some 20 percent of Casino French sales.

Casino shares fell 28 percent last year, partly on concerns over its balance sheet and parent group Rallye’s ability to refinance its debt.

The stock rose 2 percent on Jan 17, and is broadly flat since the start of 2019.

© Thomson Reuters 2020 All rights reserved.