By Andrea Figueras
Casino Guichard-Perrachon said customer traffic and volume activity in its supermarkets is recovering as expected in recent weeks, and that its hypermarket operations are showing the first signs of improvement.
The French grocer said Thursday that customer traffic at its supermarkets turned positive and grew 4% over the last four weeks, recovering after suffering falls in weekly traffic of as much as 10% at the end of the first quarter.
Sales volumes in supermarkets were down 2% over the last four weeks, recovering from the weekly falls of 24% it experienced six months ago, Casino said. Last week, Casino’s supermarket volumes were flat, it said.
The company attributed the inflection in supermarket traffic and volumes to tariff readjustments it made earlier this year.
As for the company’s hypermarkets, customer traffic was down 10% and volumes down 20% over the last four weeks, which Casino said represents a sequential improvement from trends experienced earlier this year.
“We are seeing the first signs of a trend reversal, with a narrowing of the gap with the market in terms of volumes,” the company said. Weekly hypermarket volumes were down by 32% at the end of the first quarter, it said.
The recovery in hypermarkets will be more gradual than in supermarkets given that price adjustments require more time and advertising efforts, the company said.
Write to Andrea Figueras at [email protected]
By Andrea Figueras
Casino Guichard-Perrachon said customer traffic and volume activity in its supermarkets are improving as expected in recent weeks, and that its hypermarket operations are showing the first signs of a trend reversal.
The French grocer said Thursday that customer traffic at its supermarkets turned positive and grew 4% over the last four weeks, recovering after suffering falls in weekly traffic of as much as 10% at the end of the first quarter.
Sales volumes in supermarkets were down 2% over the last four weeks, an improvement from the weekly falls of 24% it experienced six months ago, Casino said. Last week, Casino’s supermarket volumes were flat, it said.
The company attributed the inflection in supermarket traffic and volumes to tariff readjustments it made earlier this year.
As for the company’s hypermarkets, customer traffic were down 10% and volumes down 20% over the last four weeks, which Casino said represents a sequential improvement from trends experienced earlier this year.
“We are seeing the first signs of a trend reversal, with a narrowing of the gap with the market in terms of volumes,” the company said. Weekly hypermarket volumes were down by 32% at the end of the first quarter, it said.
The recovery in hypermarkets will be more gradual than in supermarkets given that price adjustments require more time and advertising efforts, the company said.
Write to Andrea Figueras at [email protected]
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