Exchange rates limit Casino progress - 2004-01-29
Like its bigger compatriot Carrefour, French supermarket group Casino finished 2003 with sales a little ahead of the year prior but still suffered at the hands of adverse currency exchange rates.
But if Carrefour’s domestic performance was fairly poor (sales rose just 2.1 per cent, particularly due to its dependence on the hypermarket format, which is currently out of favour with French consumers), Casino’s French businesses posted great results for 2003.
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