PARIS — French retailer Groupe Galeries Lafayette posted a 4.9 percent rise in first-half consolidated-sales-before-taxes to $2.54 billion from $2.43 billion a year earlier.
This story first appeared in the August 2, 2002 issue of WWD. Subscribe Today.
The figures were published in the Bulletin des Annonces Legales Obligatoires (Balo), France’s official government publication of record. Dollar figures are converted from the euro at current exchange rates.
By division, Galeries Lafayette’s department-store business rang up consolidated sales of $1.14 billion in the first half, down 1.1 percent from $1.15 billion; Monoprix Citymarches had almost flat sales of $829 million, compared with $826.6 million; “other distribution activities,” including Europa Quartz, Croisette, Telemarket and Promosta, posted sales of $102.4 million, up 423 percent from $17.03 million, and “services,” including credit activities, reported a 10.8 percent rise in sales to $472 million from $425.8 million.
For the second quarter, Galeries Lafayette registered a 3.8 percent rise in consolidated sales before taxes to $1.29 billion from $1.25 billion a year earlier.
In other company news, the Monoprix grocery and variety chain — owned jointly by Groupe Galeries Lafayette and the Casino hypermarket chain — reported first-half consolidated sales before taxes of $1.78 billion, up 3.1 percent from $1.72 billion in the same period a year ago, according to the Balo.