French based supermarket chain Carrefour has announced a rise in sales of 4.1% to €20.4m in the second quarter of 2005.
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“The trading environment in Europe is very challenging,” the company said in a statement. “We have seen deflation and weak market volumes across most of Europe
since the end of last year. In the second quarter, however, these trends have been even
more apparent. In this tough environment, our goal has been to consistently out perform the competition and win market share. To this end, we have made progress in the quarter.”
Our price investments in France, particularly in our hypermarkets, have delivered results,” it said. “The number of customer transactions in our French hypermarkets grew by 1.4% in the quarter and, as a result, market share increased. Overall, Carrefour Group in France grew market share over the first half, the first increase by the group as a whole since 2000. We are on track to exceed one million square metres of new space in 2005 through organic growth and through tactical acquisitions. In Q2, we opened 208 new stores under banner, accounting for 201,000 square metres of new space. This included 8 hypermarkets, 12 supermarkets, 129 hard discount stores and 54 convenience stores. We now have 11,432 stores in our portfolio.
“In addition, we have acquired through tactical acquisitions an additional 425,000 m2 of new space through acquisitions in Poland, Italy, Turkey, Cyprus and Brazil,” it said. “Together, these acquisitions would account for more than 1% sales growth in a full year.”
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