×
71 016
Fashion Jobs
ROSS STORES
Store Protection Specialist
Permanent · Puyallup
ROSS STORES
Store Protection Specialist
Permanent · Garland
ROSS STORES
Store Protection Specialist
Permanent · Indianapolis
ROSS STORES
Store Protection Specialist
Permanent · Houston
ROSS STORES
Store Protection Specialist
Permanent · Columbia
MACY'S
Asset Protection Detective, Victoria Gardens - Part Time
Permanent · Rancho Cucamonga
CASERO IMPORTS / LULI & ME - SOPHIE & LUCAS - GABBY GIRLS
Production Manager
Permanent · DALLAS
NORDSTROM
Asset Protection - Agent - Los Cerritos Center
Permanent · Cerritos
NORDSTROM
Asset Protection - Security Ambassador - Promenade Shops Rack
Permanent · Miami
NORDSTROM
Asset Protection - Security Ambassador - Last Chance Phoenix
Permanent · Phoenix
NORDSTROM
Asset Protection - Agent - Tampa Rack
Permanent · Tampa
ROSS STORES
Store Protection Specialist
Permanent · Hodgkins
ROSS STORES
District Manager
Permanent · McDonough
ROSS STORES
Inventory Control/Quality Assurance Supervisor
Permanent · Perris
NORDSTROM
Asset Protection - Agent - Santa Monica Place
Permanent · Santa Monica
TJ MAXX
Loss Prevention Detective
Permanent · Plymouth
TJX COMPANIES
30046-D/C Loss Prevention Specialist
Permanent · La Vergne
TJ MAXX
Loss Prevention Detective
Permanent · Coon Rapids
HOMEGOODS
Loss Prevention-Customer Service Associate
Permanent · Silverdale
HOMEGOODS
Loss Prevention-Customer Service Associate
Permanent · Federal Way
HOMEGOODS
Loss Prevention-Customer Service Associate
Permanent · Seattle
TJ MAXX
Lead lp Detective
Permanent · Pittsburgh
By
Reuters
Published
Oct 8, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Casino weighs sale and other options for loss-making giant stores

By
Reuters
Published
Oct 8, 2018

Indebted retailer Casino could sell or turn some its 20 loss-making hypermarkets in France into franchises, among options for the stores it has outlined to worker unions, a spokesman said.

Reuters


Casino, which has 110 hypermarkets in its home market, has been cutting back on super-size shops in recent years, under pressure like rivals from the rise of online alternatives and the changing habits of consumers shopping closer to home.

The group is not planning to close any of the 20 struggling stores under its “Geant” banner, the spokesman said.

Instead it could turn them into franchises, shrink their size to turn them into smaller supermarkets, or sell them to a rival retailer.

“The decisions will be taken on a case by case basis,” the spokesman added.

Casino has said its Geant hypermarkets should become profitable as a whole again in 2018, a year later than it had initially flagged.

The company on Monday said it had agreed on a sale and leaseback plan for some properties of its Monoprix chain for 565 million euros ($650.20 million) as it shrinks its debts. These stood 5.4 billion euros on a net basis according to its results reported in July.

Casino shares have tumbled roughly 30 percent in 2018 on concerns about its debts and those of parent holding group Rallye.

© Thomson Reuters 2022 All rights reserved.