French group Guyenne & Gascogne, the Carrefour franchisee, has posted third quarter figures that show no sales growth in the parent company and a 0.8% slide in joint venture subsidiary Sogara.
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The Spanish retail subisidiary Centros Comerciales Carrefour (Espagne) has posted 2.6% year-on-year growth for its hypermarkets, with Q3 sales of EUR 2.4bn and 11.6% year-on-year growth in its smaller supermarket operations, with quarterly sales of EUR 189m.
Based in prime holiday locations, the G&G-owned stores had a “particularly difficult” July although food sales held up better than non-food fashion and leisure goods.
The group is looking forward to “major” seasonal promotions to lift the Q4 figures at the end of the year. In the meantime, much of the Spanish hypermarket bricks and mortar is being regrouped within Carrefour Property.
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