France’s Casino expands Amazon partnership with collect services By Reuters

© Reuters. FILE PHOTO: The logo of Casino supermarket is pictured in Paris, France, March 3, 2021. REUTERS/Gonzalo Fuentes/File Photo

PARIS (Reuters) – French supermarket group Casino and U.S. e-commerce giant Amazon (NASDAQ:) said on Thursday they were expanding a tie-up for grocery deliveries in an online food retail market that has become increasingly competitive.

The Casino group caused a stir in 2018 when its upmarket Monoprix stores struck a deal with Amazon, considered one of the biggest rivals to retailers trying to boost their own e-commerce operations.

The latest partnership would affect Casino-branded stores, and involves the roll-out of new click-and-collect services for Amazon Prime members. It will kick off in July in the French cities of Annecy and Clermont-Ferrand, and 180 food collection points will be rolled out across France by the summer of 2022, the companies said.

The indebted Casino group and its rivals saw sales surge in France at the height of a first coronavirus lockdown in the spring of 2020, helped in part by customers shifting even more orders online.

The company, which is considering a share sale in its Cdiscount e-commerce unit among options to help trim its debts, reported slowing revenue growth earlier this year.

Its Casino-brand stores first struck a e-commerce partnership with Britain’s Ocado (LON:) in 2017.

Rivals have also looked at tie-ups with tech giants, and Carrefour (PA:) teamed up in 2018 with Google (NASDAQ:) to boost its online shopping business. It also has delivery partnerships with the likes of Uber (NYSE:) Eats and Deliveroo.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*