date:Jan 17, 2014
to a reliance on the hypermarket format it pioneered as time-pressed customers shop more locally and online, and buy non-food goods from specialists.
Squeezed Income
Chief Executive Georges Plassat has responded in France by cutting costs, revamping stores, improving price competitiveness, simplifying product offerings and giving more autonomy to store managers.
Retailers across Europe have been struggling as shoppers' disposable income is squeezed by subdued wage growth and austerity measure