EU: NEW RULES ON FAIR TRADE
Article Abstract:
The European Commission has adopted new fair trade rules, which are to take effect as of 1 June 2000. Their purpose is to simplify the rules concerning purchasing contracts and the sale of goods and services between producers and retailers. They allow companies, which have a market share of less than 30% to benefit from the flexibility of fair trade rules, under certain conditions. For example, a producer can not require retailer to sell a product at the price it wants, but it may indicate minimum and maximum prices, and it can no longer impose a limit on sales.
Publication Name: Points de Vente
Subject: Business, international
ISSN: 0150-1844
Year: 2000
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WORLD: UPHEAVALS IN THE RETAIL SECTOR
Article Abstract:
According to a survey by Goldman Sachs, Wal-Mart, the American distribution group has the biggest hypermarkets, while the Auchan stores in France have the best performance per square metre. The comparative analysis between the various retail chains enables the major retail chains to improve productivity and implement better practices when the open stores in other countries. Local groups in Latin America had to improve the organisation of their stores in order to cope with foreign competition, while Wal-Mart's arrival in the United Kingdom has led to a drop in prices and a general improvement in product quality. Asia is discovering Western distribution methods. According to the survey, it is important to adapt to the local culture.
Publication Name: Points de Vente
Subject: Business, international
ISSN: 0150-1844
Year: 2000
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FRANCE: AUCHAN'S 1999 RESULTS
Article Abstract:
Auchan, the French retail group, made a turnover of FFr 144.48bn, up 4.1% from 1998, of which 29.7% was made outside of France, and the group share net earnings came to FFr 2.087bn, up 163%. In France, the group made a turnover of FFr 95.4bn, up 3.8% from 1998, thanks to its promotional operations and to the former Docks de France (DDF). The Atac supermarket branch made a turnover of FFr 18.9bn, up 5%, and Auchan intends to become the 'best brand of hypermarket'. Given these results, the president of Auchan is looking forward to the coming years with confidence. Auchan is present in Europe on the international level (Spain, Portugal, and Italy) and in Eastern European countries where it is opening stores in Poland and Hungary. The group's development is slower in the rest of the world.
Publication Name: Points de Vente
Subject: Business, international
ISSN: 0150-1844
Year: 2000
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