Cash-strapped grocery retailer Casino suffered a first-half loss after falling sales and price cuts at its biggest stores dented its core French business, while investors awaited a debt rescue deal due to be clinched.
Read the full article on the Reuters website
NAM Implications:
- The usual pressures of online and discounter growth.
- While Casino pedals faster to stand still…
- And awaits an increase in investment to recover…
- Fingers crossed.
- Meanwhile, important for suppliers to ensure they access a fair share of any improvement.
- And limit their level of investment to a fair share also.
- (Perhaps a quick calculation of your level of exposure in terms of incremental sales required to recover any losses?)
