×
40 843
Fashion Jobs
ESTÉE LAUDER COMPANIES
Latam E-Commerce Project Manager/Product Owner
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor, Crabtree Valley, Raleigh nc
Permanent · Raleigh
GAP
General Manager - Lenox Square (Kids & Baby)
Permanent · Atlanta
GAP
General Manager - Northbrook Court
Permanent · Northbrook
GAP
General Manager- Stonebriar Mall
Permanent · Frisco
GAP
General Manager - Roseville Galleria
Permanent · Roseville
GAP
General Manager - Central Texas Marketplace
Permanent · Waco
GAP
Merchandise Planner - Boys - Outlet
Permanent · New York
GAP
Unassigned General Manager - Greater Nashville
Permanent · Nashville
ALICE AND OLIVIA
Sales Supervisor - Cabazon Outlet
Permanent · Cabazon
TARGET CORPORATION
Owned Brand Product Design Director, Pets
Permanent · MINNEAPOLIS
LA MER
Manager, Global Supply Chain Operations - Inventory
Permanent · New York
MAC
Business Development – Key Consumer Manager, Mac
Permanent · New York
H&M
Retail Flagship Visual Manager
Permanent · Chicago
JBCSTYLE
Art Director
Permanent · NEW YORK
JBCSTYLE
Sales Operations Coordinator
Permanent · NEW YORK
ESTÉE LAUDER COMPANIES
Manager, Solution Architect- Omni Retail
Permanent · New York
TOM FORD BEAUTY
Vice President, Marketing, Tom Ford Beauty North America
Permanent · New York
ESTÉE LAUDER COMPANIES
Category Insights Manager - Supply Chain
Permanent · New York
ESTÉE LAUDER COMPANIES
Senior Account Coordinator, Estee Lauder Travel Retail – Americas
Permanent · Los Angeles
ESTÉE LAUDER COMPANIES
Manager, Product Manager
Permanent · New York
ALICE AND OLIVIA
Sales Supervisor - Town Center at Boca Raton
Permanent · Boca Raton

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 2019 All rights reserved.