FRANCE: E.Leclerc FY sales climb
Domestic sales for the group grew 7.5%
French retailer E.Leclerc has recorded an increase in full-year sales thanks to lower pricing in its domestic market in the period.
In the 12 month period, sales, excluding petrol, climbed 7% to EUR34.9bn (US$46.57bn), the retailer reported today (17 January). Including fuel, sales were up 7.5%.
Domestic sales for the group grew 7.5% to EUR40.7bn with fuel and 7% to EUR32.3bn excluding. The increase was a result of an "aggressive policy" toward lower prices on fuel in the period, it said.
Following the acquisition of seven hypermarkets in the Madrid region which were previously owned by Eroski, E Leclerc Grupo is focusing its strategy on the opening of new outlets....
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