date:Aug 01, 2014
4 million euros.
The retailer is battling to reverse years of underperformance in Europe, where it makes 73 percent of its sales. Its problems are partly due to a reliance on the hypermarket format it pioneered, as customers turn to local and online shopping.
Plassat has lowered costs, revamped stores, cut prices, simplified product offerings and given more autonomy to store managers, starting in France.
The first-half increase in recurring operating profit was driven by growth of 7.8 percent